New Mexico decided to go it alone and gets $25 billion.
Great timing for the AG who’s up for reelection on November 3 (even though it was the previous AG who made the call).
No because that's still subject to appeal, unlike the settlement. "a bird in hand is worth two in the bush", etc.
Like, yeah, you have a point in the abstract, but barring any actual supportive facts, it doesn't seem like a good point.
https://kieferandkiefer.com/understanding-how-jury-verdicts-...
https://www.rand.org/content/dam/rand/pubs/reports/2006/R331...
Things got so ridiculous that Meta's AI WhatsApp companion would let you generate one candidate's posters, but flat-out deny you the same prompt for the opposition. Of course the bias skewed heavily towards benefiting the alt-right, pro-MAGA party.
[1] - https://www.reuters.com/world/americas/meta-employees-said-l...
Its very easy to understand the motives but other countries lack back bone to ban these companies
umm when a thief steals and gets caught, we don't just punish them. We also recover what was stolen.
They should also be made to delete all user data collected during the period, and pause similar data collection for x months/years even the ones that fall under their service terms. The price of wrong doing should be high, and for meta deleting historical user data is the highest form of punishment .
Otherwise it's just cost of business.
Much worse is how Meta enabled a genocide in Myanmar.
No? The scandal was that random "apps" (eg. quizzes) were able to scrape user and their friends' profile data. The expansion of that into ad targeting as a whole is just a retcon you're doing.
> In the 2010s, personal data belonging to millions of Facebook users was collected by British consulting firm Cambridge Analytica for political advertising without informed consent.
https://en.wikipedia.org/wiki/Facebook%E2%80%93Cambridge_Ana...
True, and considering the gravity of this situation, you'd think they're would've been more legal consequences for FB/Meta
I see similar dynamics happening on X, where it is just being used to spread hate and division.
Perhaps it's high time we had an international criminal justice system for social media companies.
why are ads so so sucessful on meta platform. i hate it so much.
Facebook has done nothing but demonstrate that it's a company which doesn't care at all about its users and is willing to hurt them. Anyone still using facebook at this point is pretty much asking to be taken advantage of and abused. I rally can't feel bad for them anymore.
They don't mind; it's a targeted market fit. They have Instagram and WhatsApp for other demographics.
Because you look at them. Get off their platforms.
Anyone who thinks Meta will actually pay this amount have no clue what they're talking about.
Original reward was 200+ billion, lawyered down to 25, on appeal I imagine much less. Cost of doing business for Meta and nothing changes. In cases like this, it should cost the company serious financial harm. Even $25 billion is nothing to Meta.
Same goes for any business venture including private equity. No more corporate veil. Every dollar or stake in ownership needs to be attributable back to an individual that can be held financially responsible. Each individual can have some amount of assets protected from claw backs, liens, judgements, etc. Enough to cover a functional used vehicle, 3 bed two bath house in their zip code, 50k in cash, and their retirement account. This gives most normal people the freedom to invest with less worry. Still, if you want to make money, it will behoove you to not take on risk by investing in organizations that flout the law, cause environmental damage, or harm others.
If the CFO commits a crime, they can't get a license anymore. Start getting the bad actors out of positions of power.
Change the law, it just that easy.
Don't know why you think there's not correlation.
And breaking the law usually doesn't result in a hit to next quarter's earnings, so this is what we optimize for: kicking the can down the road until it becomes a bigger problem.
Guess how we know you've never lived, worked, or read a newspaper in any other country.
Privacy law in the US is largely toothless and has vanishingly few proactive regulatory requirements. This case is a perfect example of this -- Facebook's blatant disregard for privacy wasn't what was found illegal here, it was only the fact they lied about it.