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runarb | 2 years ago

From what I can remember from other cases here in Norway, the daily fines will be increased if the regulatory body sees that they do not have any effect.

The goal here is compliance. So the regulators will first try guidance, then a formal warning, then daily fines, then increasing the fine, fine (local) directors personally, and finally dissolvent of Metas local company.

Metas local company is named "Facebook Norway AS" and in 2022 did have a revenue of about 6.6 million USD, with a profit of 3.6 million USD according to https://www.proff.no/selskap/facebook-norway-as/oslo/reklame... . They have 27 employees. The revenue from Norway are however much bigger and was speculated to be 233 million USD in 2021: https://e24.no/naeringsliv/i/A3r1Mz/facebook-bokfoerte-bare-...

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chx|2 years ago

This is the thing: the corporate nuke as a tool is available in most jurisdictions -- how could it not be? -- but at place like Norway I can very well see it being used.

There was talk California should've used it on Uber for Greyball.

JumpCrisscross|2 years ago

> the corporate nuke as a tool is available in most jurisdictions

“Corporate nuke” is a corporate lobbyist’s term for distracting from massive fines. Barring expropriation, once you ask what happens to the nuked assets, corporate death penalties all come down to massive fines with extra steps. If you want to “nuke” a corporation, revoke its licenses (not applicable here) or levy a massive fine.