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> I don't know how Meta/Google can react to these fines

They'll react by lobbying for fines while also lobbying to limit the amount of those fines. They love the fines. Fines are something they can budget for and can let them violate the laws as long as they are willing to pay the government a fee/toll/bribe. Without fines they might be held meaningfully accountable for their crimes. The last thing they want is to face a risk of ending up in prison the way that you or I most certainly would for repeatedly ignoring the law.




They’re also an economic moat to stop other networks from emerging. Facebook can pay those fines, $upstart can’t.




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