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this post was submitted on 17 Aug 2023
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Privacy
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Where are you getting that number? Their financial reports claim about 120 billion a year in revenue. Or 0.4 billion per day.
That's for about 3.5 billion users. Let's say Norwegians, being quite rich, generate ten times the daily average, or about $1 per day. I don't know how accurate it is, but this page claims about 80% of Norwegians use Facebook. With 5.5 million people, that would put their daily revenue for Norway at about 4 million. So this fine would equate to about 2.5% of their revenue. With a net profit of about 25% (it has varied from 20-30 the last few years) that's about 10% of their profits.
It's not exactly going to put them out of business, but it doesn't seem too bad, proportionally, even with the numbers as generous as possible to your case. If India did the same (just adjusting 100k for population size) it'd be 25 million a day, or ten billion a year.