The money collected from fines of that type goes to a central fund, which then gets distributed among EEA member states in the same way as the european budget.

Aka: they end up going to the same place taxes do

€265m isn't that much relitivly speaking.

for Meta to pay, or to add to the pool of government funds

I mean you and I would be set for life. but for a Government and particularly a Mega Corp, its chump change

FF and FG are in desperate need for a major piss-up for Christmas and the New Year so the fine is go towards that, oh and Christmas bonuses for the lads.