This is neither new nor surprising. They casually break EU-US personal data transfer agreements like they’re nothing. They know perfectly well they will be fined, but they profit infinitely more from breaking EU law than they have to pay up in fines. It’s a simple business decision. The EU Comission is being very lenient here, like they’ve been for years.
Let them operate just a couple years more and the far right will win elections in half of the eu.
Are these people blind? Can’t they see who’s pushing the idiot propaganda?
This isn’t just about a fine; the Commission forcing us to change our business model effectively imposes a multibillion-dollar tariff on Meta
Technically true I guess, (A Fine is a Price, U Gneezy) but only since it’s not enough of a fine. Make it €200 billion instead of €200 million.
If your business model is violating personal rights, you should have never made it a business model in the first place. Same goes for anti-competetive actions that violate the laws.
They could have imposed up to €55 billion across the two companies. That doubles for repeat offenders. This was clearly meant as a warning.
fine Meta for calling it a tariff.
Looking forward to where this goes if Europe sticks to its guns when things get ugly. Let them belittle us, let them antagonize, misdirect and make fun.
We haven’t even started pressing where it really hurts the US and its oligarchs. Which is precisely their precious digital exports we all consume and barely tax.
Never give in to bullies. Absolutely never, no matter how enticing or harmless they make it seem. Watch them repeat a Trump-China by poking the bear then sheepishly back down and say “Europe needs to make a deal with us” when it bites their behind.
Penalty Tariff ? no, no Meta, this is what you need to pay monthly, for all the data you sell and use without consent!
€200 million per month for all European users data is likely well within ‘cost of business’ for Facebook…
Ban meta from the EU
Of course they want to politicize this. And the EU is being far too careful here, these amounts are only 1.5% of the maximum penalty. They got off easy
800m is just a small change for them
That’s true, but they got fined for their violations which they want to continue, and future fines are likely.
The cost of doing business for them. Make the fines actually proportional and ongoing until they stop breaking the laws
Meta calls its penalty a ‘tariff’
That’s a retaliatory tariff. Meta broke the law, and the EU retaliated.
Ah, no. The real tariffs come when the EU starts to charge them through the nose for using EU customer data. This is on the agenda for when some real retaliation is needed.
Well, the Italian IRS decided that the Italian users data is worth €18 billion so they want to get €4 billion in vat from Facebook lol
Meta is a tariff on humanity.
has zuck always been this fucking stupid, or has he just been eating his own dog food too long?
It’s manipulative, not stupid.
Don’t let him off the hook by claiming it’s him being stupid. He’s spewing bad faith bullshit
The rich and powerful are going mask off about being above the law. Fuck you lizard boy, and fuck Meta and their “products”
