I find it interesting that the _smaller_ countries imposes these restrictions and fines as their way of generating revenue. $100,000 a day I can imagine is a fair bit for Norway.
Norway's Sovereign Wealth Fund made a gain of 1,501 billion crowns or $143 billion USD in H1 2023. That's roughly $781 million USD per day in the first half of this year. I don't think this fine was about revenue generation.
This fine represents no more than a very small fraction of a percent of Norway's GDP. Let's generously assume $1B / day, then $100k per day is 4 decimal orders of magnitude less or 0.01%.
Why do you believe that? There's lots of evidence[1] of other countries issuing larger fines to social media companies. The point of these is to force the behavior to stop, not to raise money. A lower fine would probably raise more money in total, as the behavior could continue long term.
closewith|2 years ago
Source: https://www.reuters.com/business/finance/norway-wealth-fund-...
clan|2 years ago
"Norway's 'oil fund' earns 131 billion euros in first half of 2023"
https://www.thelocal.no/20230816/norways-oil-fund-earns-131-...
silvester23|2 years ago
jacquesm|2 years ago
https://www.cia.gov/the-world-factbook/countries/norway/#eco...
This fine represents no more than a very small fraction of a percent of Norway's GDP. Let's generously assume $1B / day, then $100k per day is 4 decimal orders of magnitude less or 0.01%.
8organicbits|2 years ago
[1] https://www.washingtonpost.com/dc-md-va/2023/08/09/twitter-f...
Ylpertnodi|2 years ago
And I always thought fines were to disuade/ punish certain behaviours.