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87 The UK’s Online Safety Act gives Ofcom the power to fine platforms 10% of their global revenue, which for Meta alone would be over $16 billion, and the enforcement unit responsible for issuing those fines has fewer than 50 staff

Silicon Canals
Cabinet @ Silicon Canals 1 place · today 06:38 EDT

The UK’s Online Safety Act gives Ofcom the power to fine platforms 10% of their global revenue, which for Meta alone would be over $16 billion, and the enforcement unit responsible for issuing those fines has fewer than 50 staff

The UK's Online Safety Act gives Ofcom theoretical penalty powers larger than the GDP of small countries. The team that actually issues those fines has fewer than 50 staff — and Meta is now in the High Court trying to shrink the formula.

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