sqgl@sh.itjust.works to Technology@lemmy.worldEnglish · 1 day agoInstagram and Facebook are breaking the EU’s illegal content ruleswww.theverge.comexternal-linkmessage-square5fedilinkarrow-up1245arrow-down11file-text
arrow-up1244arrow-down1external-linkInstagram and Facebook are breaking the EU’s illegal content ruleswww.theverge.comsqgl@sh.itjust.works to Technology@lemmy.worldEnglish · 1 day agomessage-square5fedilinkfile-text
minus-squareAtelopus-zeteki@fedia.iolinkfedilinkarrow-up37arrow-down1·1 day agoSix 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%.
minus-squareFauxLiving@lemmy.worldlinkfedilinkEnglisharrow-up26·21 hours agoIt’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.
minus-squaremysticmartz@lemmy.worldlinkfedilinkEnglisharrow-up4arrow-down9·24 hours agoIsn’t the digital services act a bad thing, similar to the UK online safety act … government overreach trying to block free speech .
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%.
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.
Isn’t the digital services act a bad thing, similar to the UK online safety act … government overreach trying to block free speech .