Meta hit with its BIGGEST FINE EVER → A fine bigger than some countries GDP! 🤯
A judge in New Mexico has ordered Zuck's Meta to pay $25 BILLION after a trial found it had lied to the public about how user data was handled.
This is very positive news, and it's great to see that New Mexico is holding Big Tech accountable. 💪👏
Another massive fine.
How is Meta still allowed to operate?
How corrupt is the Board to continue to allow the same management?
Often the massive fines are found to be illegal, either as a matter of court process or simple incompatibility with the rest of the legal system.
There are safeguards in place to check the power of a state that's seeking political points over justice, and that power is checked whether it's aimed at individuals or corporations.
Are you saying a legal process that found Facebook financially liable for thousands of dollars in harm to each of the entire population of Arizona was "point scoring"?
I don't dispute that often these fines are reduced. But I think that says more about who legislators and judges really protect more than anything else.
Well, it says more about the incentives that drive legislators and prosecutors that are all too rarely noticed in our day to day lives.
Legislators constantly introduce bills destined for the trash heap that signal that they think of the children, as the saying goes, that get them TV spots where they can pat themselves on the back regardless of effect or even legality.
Same with so many politically elected prosecutors around the country.
The more we recognize how cynical these folks are the more we can avoid falling for it.
Sure, we need to hold politicians to account.
Good government is the only power strong enough to stop the greedy oligarchs.
@TCatInReality @volkris We also need to hold execs to account, with prison time.
Any fines, whether to the company or execs are just a probabilistic tax. And any taxes are just a cost pushed onto the consumers. Yes, users are the product here - in this case it's pushed onto the advertisers, which in turn push it onto consumers of the advertised product).
The biggest lie of western society is equality. The only thing where people are more or less equal is time alive. Hence why prison time.
Well we do hold execs accountable with prison time.
@volkris
Only in rare cases though.
If the value of human life is 6m $ then stealing, scamming, etc should be punished proportionally because they're literally taking away life time from people who have to work more to make up for the loss.