One week into 2024, big tech companies have made enough revenue to pay off all 2023 fines.

2023 was certainly an eventful year for the technology industry. Generative AI has become mainstream thanks to software like ChatGPT, to name a few key moments. We had to say goodbye to the iconic bluebird while welcoming Twitter’s new name (for the past six months, we’ve been writing it as “X (formerly known as Twitter)” I know the pain.) Big technology companies were fined the most for data abuse under the GDPR, totaling more than $3 billion.

Well, on the latter point, the efforts of data protection regulators have turned out to be less effective than expected.

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