Meta has been temporarily banned from running behavioral advertising on Facebook and Instagram in Norway -- unless it obtains users' consent to the processing.
So, 100k$/day is certainly a decent figure for Norway’s operations, meaning a local Facebook senior manager must be in panic right now. But Would that local senior manager have any power to change anything given Norway is such a small market but yielding would set a precedent for all other EU members? That’s what is at stake!
Based on https://www.investopedia.com/ask/answers/120114/how-does-facebook-fb-make-money.asp 39$/user/year for Facebook & Messenger alone. In a country of 5-6M people, let’s say 5.5M, with 70% of the population being users ( from: https://www.statista.com/statistics/584917/facebook-users-in-norway-by-age-group/ ), that gives ~3.85M users * 39$ = 150.15M$/year, 12.5M$/month, or 417k$/day. Norway is a rich country, so one should assume a Norway user’s revenue is higher than the 39$ average.
So, 100k$/day is certainly a decent figure for Norway’s operations, meaning a local Facebook senior manager must be in panic right now. But Would that local senior manager have any power to change anything given Norway is such a small market but yielding would set a precedent for all other EU members? That’s what is at stake!
Is there a /c/theydidthemath anywhere? Good work.
Damn, thanks for the reply. That was definitely not what I was expecting. But now that I read it… it makes total sense
Damn, thanks for the reply. That was definitely not what I was expecting. But now that I read it… it makes total sense