this post was submitted on 05 Nov 2024
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Wow! 15 whole million! That'll teach em.
People really need to learn that fines which are not punitive break the social contract and turn the gov/regulator into a criminal co-conspirator engaging in racketeering — merely strong-arming its share of the proceeds, no better than the mob.
Although I agree with the sentiment - the article mentions that it's "only" regarding about 1 mil people. (Probably South Korean users)
So it's still a $15 fine per violation. Could have been much higher, sure, but I don't know if that's a good return of investment for Facebook.
Maybe this case sets an example for other countries or regulatory bodies to start issuing fines to Facebook as well
I wonder if shutting them down for a period of time would be a better punishment. They might feel it more if they can't collect data and advertise for a week, month, whatever. And that might also have a side effect of people not going back.
I think enough people are addicted to it that they would demand the government undo it. I think adding two zeros to their fine would work better
People would definitely cry "censorship".
The old percentage of profit, or whatever, might work better