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TheCosmicJester t1_iy787nh wrote

Reply to comment by gapchuboy in Facebook Parent Meta Fined $276 Million in Europe for Data-Scraping Leak by bubblehack3r

Meta’s 2021 revenue was $117.929 billion. Proportionally speaking, this is like a US household that makes the median household income of about $70,000 getting fined $165.

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shoobiedoobie t1_iy7jerf wrote

Not exactly, because their profit is a lot lower than that. Didn’t try hard to look for the yearly financials but taking a quick look in Q4 2021 they had 27b revenue and 22b expenses, which makes the expense to revenue ratio a lot higher than your tax rate at 70k.

That being said, they also held 40 fuckin billion in cash & cash equivalents. So yep, a drop in the fucking ocean.

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