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by anpe
1130 days ago
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Also to add, this fine is concerned with the EU. I'm not sure why we care how much money Meta makes in other regions. EU accounts for about 25% of their revenue [1]. So in terms of yearly net income it then gets closer to about 15%. Again, the job of EU is to regulate businesses in the EU and not the rest of the world. [1] https://businessquant.com/facebook-revenue-by-region |
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This "fine" just feels like "cost of doing business in the EU" to me...