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Posted by cbg0 6 hours ago

Meta ordered to pay $25B penalty in New Mexico Cambridge Analytica case(www.cnbc.com)
https://nmdoj.gov/press-release/the-new-mexico-department-of...
293 points | 175 commentspage 4
Noaidi 5 hours ago|
The original fine was much higher. This is closer to Meta’s hopes than the peoples.
lysace 5 hours ago||
Previously when the EU has ordered US companies to pay penalties of a "few billion EUR" for trade abuse there has typically been a lot of jingoistic outrage here. This one will be interesting to watch.
gsky 4 hours ago|
America fines their companies left and right but won't allow other countries to do for the same wrongdoings.

Its very easy to understand the motives but other countries lack back bone to ban these companies

throwaway894345 3 hours ago||
Other countries fine American companies all the time.
hmokiguess 3 hours ago||
Pay to play
gib444 3 hours ago||
If they actually pay $25B, I'll eat my hat. Hell, I might even eat two of my hats
alex1138 5 hours ago||
So apropos of nothing remember when Zuck bought a castle rather than spend that money on any sort of Facebook account support?
SecretDreams 2 hours ago||
Honestly, this company is uninvestable if you have even a shred of morality.. but, even if you lack morality, you must see the writing on the wall re: their lingering risks.

Meta is the cigarette company of the modern era and if our historians are allowed to write a neutral take on this era, they will likely not be kind to meta.

25 bil is no where near enough for privacy damages, let alone what they'll have to deal with on the addiction damages down the road.

warkdarrior 2 hours ago|
Philip Morris stock is up 100% over the last 5 years. https://finance.yahoo.com/quote/PM/

Not bad for tobacco company that everybody presumably shuns.

dominotw 5 hours ago||
i hate that zuck has his ad empire funding all sort of stupid shit. Nothing can even touch him as long as ad dollars keep flowing.

why are ads so so sucessful on meta platform. i hate it so much.

autoexec 3 hours ago||
Ads are successful everywhere. The size of facebook's userbase helped its ads reach a lot of people, but the number of facebook users has been declining while the old folks staying on the platform grow ever closer to death.

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.

kps 3 hours ago||
> the number of facebook users has been declining while the old folks staying on the platform grow ever closer to death

They don't mind; it's a targeted market fit. They have Instagram and WhatsApp for other demographics.

autoexec 2 hours ago||
True, but while they're all suckers, some suckers are bigger rubes than others. The elderly are a very easy target for manipulation. I think roblox might be the only platform with less savvy prey.
mrwh 2 hours ago|||
I still find it wild that Instagram does not share ad revenue with creators. Post something there that goes viral? You'll get nothing by default. (Of course, you could set up ad deals etc etc etc, if canny could could make money from it ultimately, but from all that traffic and all those ad dollars Instagram gets from it, you'll not get a cent.)
SoftTalker 3 hours ago||
> why are ads so so sucessful on meta platform

Because you look at them. Get off their platforms.

dominotw 3 hours ago||
no i dont
georgestones 2 hours ago||
[dead]
elmer2 1 hour ago||
[flagged]
mrtesthah 1 hour ago|
>When the Democrats can get away with literal murder in many cases...

>If Democrats in power are just going to break the law...

Citation? And do you think that one person breaking the law absolves someone else?

richwater 4 hours ago|
Jury based punitive damages are constantly overturned because they are not legal experts and don't understand anything.

Anyone who thinks Meta will actually pay this amount have no clue what they're talking about.

advisedwang 4 hours ago|
The article says this was a statutory $5k per infringement * 43M counts, then reduced by the court. This was not a jury award.
freejazz 4 hours ago||
They are also not punitive damages, and Meta was also found to be willful.
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