this post was submitted on 17 Aug 2023
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Privacy

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[–] [email protected] 5 points 1 year ago (8 children)

They make $1.4B per day. This is basically just a cheap subscription for them

[–] [email protected] 6 points 1 year ago (1 children)

For comparison, if you made $365,000 per year this would be the same as you paying 7 cents per day in a fine, or $25 per year.

If a fine is less than the profit it is legal and the cost of doing business.

[–] [email protected] 1 points 1 year ago

Exactly right. Facebook will factor this in as am expected cost of doing business (if they didn’t already) and their stock will go up. This isn’t a penalty, this is just like paying a bribe. In the end, both are just lining the pockets of officials more interested in appearing to do something for the next news cycle so they can get re-elected.

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