Submitted by bubblehack3r t3_z6wlur in technology
CompassionateCedar t1_iy506jj wrote
Reply to comment by Deranged40 in Facebook Parent Meta Fined $276 Million in Europe for Data-Scraping Leak by bubblehack3r
It’s worldwide revenue not just in the EU and revenue is a lot more than profit.
If Amazon were to get a 4% revenue fine that would be equal to 72% of their yearly profit. Meaning it would seriously eat into their margins.
Facebook had about 1/10 of their revenue as profit so a 4% fine would take about half their yearly profits. Doing something illegal in Europe to double your worldwide profit seems not so easy to do.
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