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thallium205
on May 22, 2023
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Meta fined $1.3B over data transfers to U.S.
Fined ~1% of their yearly revenue. Got it.
nonethewiser
on May 22, 2023
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Shouldn’t we compare to net income? Its 5.6% of their 2022 net income.
berkes
on May 22, 2023
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Not only that, it should be the net income of only the EU subsidiaries. It's completely irrelevant if the privacy of a Thai or a New Zealand citizen was violated to the EU. AFAIK that makes it about 11%.
rmm
on May 22, 2023
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But the fine isn’t for 2022 it’s for the last few years.
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