Re: Let the fines begin!
No it's up to 4% (or 20 million euros but the higher would apply) of global turnover.
It also doesn't require 'repeated naughtiness'. The fine is discretionary and based on a case by case basis depending on the level of personal data that is abused and the number of data subjects.
Facebook already has a few privacy complaints against them at the moment as well - noyb issued one straight after GDPR came into effect.