Will make it back in 15 minutes of oil stock trading.
ExoticToday7367 on
Pocket change.
Appropriate-Talk-735 on
how about the money they make by having known scam ads??
Psychobob2213 on
Reminder: if the fine is not enough to stop the behavior in the future, it isn’t a large enough fine.
AdSevere1274 on
Facebook executives knew..
>The verdict came after roughly a day of deliberations following a six-week [trial](https://www.france24.com/en/tag/trial/) in which the state accused [Facebook](https://www.france24.com/en/tag/facebook/) and Instagram’s parent company of failing to protect minors from sexual abuse, online solicitation and [human trafficking](https://www.france24.com/en/tag/human-trafficking/).
The state had sought the maximum $2.2 billion in damages, but the jury awarded a lesser amount of $375 million.
The case, tried in a Santa Fe court, is among the first involving social media platforms and child safety to produce a jury verdict.
„The jury’s verdict is a historic victory for every child and family who has paid the price for Meta’s choice to put profits over kids‘ safety,“ said New Mexico Attorney General Raul Torrez, who brought the case.
„**Meta executives knew their products harmed children,** disregarded warnings from their own employees, and lied to the public about what they knew,“ he added.
OMGHappyfurballs on
No enough. These things should be a percentage of their value. To truly punish them make it hurt. 65% of their profits for x years would be better.
Salford1969 on
Does this now open them up for civil cases?
dce42 on
>The jury found Meta violated the state’s Unfair Practices Act by misleading consumers about the safety of its products for children.
Just 1 reason why a number of countries are banning social media for minors.
>A second phase of proceedings is scheduled to begin May 4, when a judge will hear the state’s claim that Meta should be ordered to pay additional penalties and make specific changes to its platforms and company operations.
Case isn’t over, and meta can still appeal it.
williamgman on
That’s all??? A company valued at $1.5 trillion??? That was not even a parking violation amount. That’s .025% 🤦♂️
errorsniper on
Guarantee you they made far more than that with their practices.
Cost of doing business.
ClaytonRook on
So that’s the equivalent of one of us paying what? $125?
Drin_Tin_Tin on
Seems low
teebles22 on
That’s not enough… it should be a large % of their revenue to make it actually hurt.
Pipnotiq on
How about Roblox next?
GlobalTravelR on
Couch Cushion money for Zuckerberg. He won’t stop anything.
Affectionate-Tank-70 on
Thats not nearly enough. They need to be bankrupted.
IntrinsicGiraffe on
As long as you got money, no one goes to prison.
PlebiconValley on
These people blew $80bn on a shitty VR world. $375m is a parking fine at best
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20 Kommentare
Tiny cost of doing business tax.
Not enough.
That’s $20 fine in average person’s money.
Will make it back in 15 minutes of oil stock trading.
Pocket change.
how about the money they make by having known scam ads??
Reminder: if the fine is not enough to stop the behavior in the future, it isn’t a large enough fine.
Facebook executives knew..
>The verdict came after roughly a day of deliberations following a six-week [trial](https://www.france24.com/en/tag/trial/) in which the state accused [Facebook](https://www.france24.com/en/tag/facebook/) and Instagram’s parent company of failing to protect minors from sexual abuse, online solicitation and [human trafficking](https://www.france24.com/en/tag/human-trafficking/).
The state had sought the maximum $2.2 billion in damages, but the jury awarded a lesser amount of $375 million.
The case, tried in a Santa Fe court, is among the first involving social media platforms and child safety to produce a jury verdict.
„The jury’s verdict is a historic victory for every child and family who has paid the price for Meta’s choice to put profits over kids‘ safety,“ said New Mexico Attorney General Raul Torrez, who brought the case.
„**Meta executives knew their products harmed children,** disregarded warnings from their own employees, and lied to the public about what they knew,“ he added.
No enough. These things should be a percentage of their value. To truly punish them make it hurt. 65% of their profits for x years would be better.
Does this now open them up for civil cases?
>The jury found Meta violated the state’s Unfair Practices Act by misleading consumers about the safety of its products for children.
Just 1 reason why a number of countries are banning social media for minors.
>A second phase of proceedings is scheduled to begin May 4, when a judge will hear the state’s claim that Meta should be ordered to pay additional penalties and make specific changes to its platforms and company operations.
Case isn’t over, and meta can still appeal it.
That’s all??? A company valued at $1.5 trillion??? That was not even a parking violation amount. That’s .025% 🤦♂️
Guarantee you they made far more than that with their practices.
Cost of doing business.
So that’s the equivalent of one of us paying what? $125?
Seems low
That’s not enough… it should be a large % of their revenue to make it actually hurt.
How about Roblox next?
Couch Cushion money for Zuckerberg. He won’t stop anything.
Thats not nearly enough. They need to be bankrupted.
As long as you got money, no one goes to prison.
These people blew $80bn on a shitty VR world. $375m is a parking fine at best