Submitted 5 weeks ago by sqgl@sh.itjust.works to technology@lemmy.world
https://www.theverge.com/news/806019/meta-facebook-instagram-tiktok-eu-dsa-findings
facing fines of up to six percent of their annual worldwide revenue
Neither Chat Control nor Palantir are necessary to take decisive action against those responsible. Isn’t it telling that this is obviously not happening? When it comes to money, it’s no longer about the children, or how else should we interpret this? A small fine and then carry on as usual, or what?
Now that they realized this, which was blatantly obvious for quite some time, will they throw the book at them? Or is it just a stern look again?
It’s already a formal ruling. Meta can still challenge it - which they will - and it will probably be a year or three before they lose again, but it’s done.
Atelopus-zeteki@fedia.io 5 weeks ago
Six percent is just 'cost of doing business'. Make the fine big enough that zuck actually cares, and then the illegal activity will stop. I suggest 50%.
FauxLiving@lemmy.world 5 weeks 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.
mysticmartz@lemmy.world 5 weeks ago
Isn’t the digital services act a bad thing, similar to the UK online safety act … government overreach trying to block free speech .
Keelhaul@sh.itjust.works 4 weeks ago
DSA and OSA are very different pieces of legislation