Oh no, not 100k. How will they ever scrape up that kind of money?
this post was submitted on 17 Aug 2023
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Besides panicking a few regional managers, this can only be a bad news for Meta if other countries, or even better, the EU follows them.
100kUSD/day for a 5.4M inhabitants country, that scales to 8.3M$/day for the total 450M inhabitants EU has (yes: I know that's not how it works, I'm doing a very gross approximation here).
That's would be 3B$/year. Now we're talking!
For those who are dumb like I am, the fine is one hundred thousand per day and not one hundred per day (the decimal threw me off)
If people want to use thousands separators (and they should, if they want to not-use prefixes like kilo, Mega) they should use ' so for example 100'000 $. Zero potential for misunderstandings.