bretcarmichael , 5 days ago

#Meta earned $135B globally in 2023, of which $8.4B was from the #EU. It faces a first offense fine of $13.5B for violating the #DMA, or 60% more than it earned from the EU. A second offense would deliver a fine of 240% more than it earns from the EU. There is a non zero chance that Meta leaves the EU.

“If Meta can’t get the EU back on its side, it faces a fine of up to 10% of its total worldwide turnover, rising to 20% in the case of repeated offenses.”
https://www.imore.com/apple/facebook-owner-in-big-trouble-over-controversial-pay-or-consent-advertising-model-eu-takes-aim-at-metas-dollar14-subscription-fee