EU Docks Meta (Zuckbook) Five Days of Profits! Wow, Painful, Right?
November 19, 2024
No smart software. Just a dumb dinobaby. Oh, the art? Yeah, MidJourney.
Let’s keep this short. According to “real” news outfits “Meta Fined Euro 798 Million by EU Over Abusing Classified Ads Dominance.” This is the lovable firm’s first EU antitrust fine. Of course, Meta (the Zuckbook) will let loose its legal eagles to dispute the fine.
The Facebook money machine keeps on doing its thing. Thanks, MidJourney. Good enough.
What the “real” news outfits did not do is answer this question, “How long does it take the Zuck outfit to generate about $840 million US dollars?
The answer is that it takes that fine firm about five days to earn or generate the cash to pay a fine that would cripple many organizations. In case you were wondering, five days works out to about 1.4 percent of a calendar year.
I bet that fine will definitely force the Zuck to change its ways. I wish I knew how much the EU spent pursuing this particular legal matter. My hunch is that the number has disappeared into the murkiness of Brussels’ bookkeeping.
And the Zuckbook? It will keep on keeping on.
Stephen E Arnold, November 19, 2024
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