sqgl@sh.itjust.works to Technology@lemmy.worldEnglish · 2 days agoInstagram and Facebook are breaking the EU’s illegal content ruleswww.theverge.comexternal-linkmessage-square7fedilinkarrow-up1279arrow-down12file-text
arrow-up1277arrow-down1external-linkInstagram and Facebook are breaking the EU’s illegal content ruleswww.theverge.comsqgl@sh.itjust.works to Technology@lemmy.worldEnglish · 2 days agomessage-square7fedilinkfile-text
minus-squareAtelopus-zeteki@fedia.iolinkfedilinkarrow-up46arrow-down2·2 days 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-up41·2 days 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-up5arrow-down13·2 days agoIsn’t the digital services act a bad thing, similar to the UK online safety act … government overreach trying to block free speech .
minus-squareKeelhaul@sh.itjust.workslinkfedilinkEnglisharrow-up4·1 day agoDSA and OSA are very different pieces of legislation
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 .
DSA and OSA are very different pieces of legislation