Re:Meta Fined $1.3B Over Data Transfers to U.S.
by jwildeboer on Monday May 22, 2023 @06:18AM
(#36029469)
Meta does $118B in revenue (2022 numbers). They claim 10% of ad revenue is generated by EU users. So this fine represents around 36 days of ad revenue generated by EU users. GDPR is in force since 5 years. So around 7 days of ad revenue per year lost to this fine (which will be appealed, obviously). Iād see this as cost of doing business with no real impact in Facebook/meta.
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