Meta fights Ofcom over how many billions count as billions
Social media biz says watchdog's fine formula is 'disproportionate' and should stop counting global revenue
Meta appears to have decided Britain's Online Safety Act would be much easier to swallow if Ofcom stopped counting all the money the social media giant makes everywhere else.
The Facebook and Instagram owner has launched a legal challenge against the UK comms regulator, arguing that the way Ofcom calculates fees and potential penalties under the Online Safety Act is fundamentally wrong because it relies on global turnover rather than UK-specific revenue.
The law allows Ofcom to fine companies for up to 10 percent of their qualifying worldwide revenue, or £18 million, whichever is higher. For Meta, which brought in about $201 billion last year, that means the numbers stop sounding like regulatory penalties and start sounding like national infrastructure projects.
Meta is now seeking a judicial review in the High Court over how Ofcom...
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