On Tuesday, the jury deliberated for only one day before agreeing that Meta should pay $375 million in civil damages for violating state consumer protections and misleading parents about the safety of its apps.
Not enough. These corporations operate on different math. They pay no taxes. They swim in currency. Pick the biggest realistic number you can imagine and then multiply it by the next biggest. Anything less will be factored out as the cost of business.
Case in point: $375 million is a mere fraction of what Meta spends in a bunch of different areas. Compared to profits, it’s practically rounding error. It won’t affect much.
@Maiq@circuitfarmer as someone for whom arithmetic doesn’t do it for me I’ve always been a fan of “50% of your opex for the entire time you did this is your fine”
Not enough. These corporations operate on different math. They pay no taxes. They swim in currency. Pick the biggest realistic number you can imagine and then multiply it by the next biggest. Anything less will be factored out as the cost of business.
Case in point: $375 million is a mere fraction of what Meta spends in a bunch of different areas. Compared to profits, it’s practically rounding error. It won’t affect much.
This kind of thing deserves the corporate death penalty, confiscation of all assets and extreme fines for all shareholders.
@Maiq @circuitfarmer as someone for whom arithmetic doesn’t do it for me I’ve always been a fan of “50% of your opex for the entire time you did this is your fine”