Facebook & Instagram fined: How the small country of Norway could finally break Meta’s business model.::With a fine of only $100,000 Norway could destroy Facebook’s & Instagram’s business model relying on personalized ads.
Facebook & Instagram fined: How the small country of Norway could finally break Meta’s business model.::With a fine of only $100,000 Norway could destroy Facebook’s & Instagram’s business model relying on personalized ads.
A few additional facts that people may not be aware of:
Norway is not an EU country.
The population of Norway is 5.4 million. The fines appear to be calibrated to cancel out Meta’s profits from the illegal behavior Meta is using to generate those profits in Norway.
If it is not profitable for Meta to engage in those illegal behaviors in Norway, they will either stop breaking Norwegian law, or pull out of Norway entirely. Either way, it’s a win for Norway.
I wish more countries would follow this.