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this post was submitted on 26 Feb 2025
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Privacy
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Again, you vastly underestimate the size of Meta.
In the last quarter of 2024 it shows a net income of $20,838 million. A $20 million fine would change that 3 into a 1 and again, that's net income for just for three months.
Source: https://investor.atmeta.com/investor-news/press-release-details/2025/Meta-Reports-Fourth-Quarter-and-Full-Year-2024-Results/default.aspx
How about a $1.2 Billion fine ? Would that perhaps be consequential ?
They got hit with that 2 years ago
https://dataprivacymanager.net/5-biggest-gdpr-fines-so-far-2020/
Interesting, when you read that article, it says that Meta will appeal, searching for the GDPR fine and the appeal, all I found was more fines, but no records of the results of any appeals.
Also, it was €1.2 Billion, not $1.2 Billion.
Appeal never lodged as far as I can find searching tje Irish high court lists. They lodged appeals against a €90m fine though which started hearing last week, and withdrew an appeal against a 2018 €251m fine
Yeah sorry, €1.2bn was USD $1.3billion at the time and about 1.25bn now, so hardly misleading though.
I only noticed the € vs $ because I was searching for the case, so all good.
It's telling that they continue to attract fines. I saw the ones you mentioned also but didn't have the energy to start digging.
Despite assertions made to the contrary in this thread, I'm not at all convinced that they're doing anything other than maximising shareholder value to the exclusion of all other considerations, including making a risk assessment in relation to paying fines versus compliance with the law.