Comment on Instagram and Facebook are breaking the EU’s illegal content rules

<- View Parent
FauxLiving@lemmy.world ⁨3⁩ ⁨days⁩ ago

It’s six percent of revenue, not 6% of profit.

Meta’s net profit margin is around 40%, so the fine would be around 15% of their yearly profits. That’s not insignificant.

On top of the fine for being in violation, they can be fined 5% of their daily profits every day until they’re in compliance.

source
Sort:hotnewtop