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Meta was ordered to pay $25bn (£18.6bn) by a judge in New Mexico after a two-week trial earlier this year which found it had spent years lying to the public abo…
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Yet the BBC still rather use Instagram or Facebook for there TV shows then X, despite it being worse then Elon Musk site
Zuck is an evil oligarch. Tax him 50% per year…
Meta’s 'upfront controls' are a masterclass in modern Trojan horses: they’ve graciously offered to inspect the gates, while their algorithms are already inside, looting the city.
AI is montoring the way you work to take over your job.
Why are all the BBC News videos set at 50% quieter audio than all other YouTube videos?
Fines are built into the business model.
You just know that 25bn won't go to any of those affected by this violation of privacy. So where DOES it go? That 25bn could be used for a massive amount of good in the world.
$25bn is a drop in the bucket for Meta, it's more profitable to cheat, lie and sell private data. When will these people/companies see some real consequences, like actual jail time for Zuckerberg and CEOs!
Who gets the money? Certainly not the people whose data has been compromised.
Meta having to pay a fine now does not mean they will "put in protections" to prevent harm, they made over $350 billion misusing that data as a company. 25 billion is just the cost of doing business, they likely had people in the company add a predicted cost of them getting caught into the business plan and it appears to have paid off.
meta net worth is 2 trillion dollars (that's 2000 billion dollars). A fine of 25 billion dollars is pocket change to them. This is another failure to impose checks and balances on rogue oligarchs and their empires
Fine is not enough, the risk must match the reward to ensure fair play.
imagine caring
Rich people are bad people <a href="https://www.youtube.com/watch?v=WN8ST2fj1FY&t=149">2:29</a>
Mark Suckerberg is not human he is AI disguised as human.
Negative cash flow. Babe that is what we call a loss. :/
Bang this into Google AI<br><br>In hindsight, by isolating architecture and design during the recent META social media addiction trial, what does this say about the Cambridge Analytica algorithm ?
As someone whose business survives almost entirely on Meta ads, I hope to god they get sued into oblivion. I genuinely cannot think of a more sinister, , more vile, morally bankrupt corporation in the entire history of capitalism
Long overdue! More proof it’s a horrible company.
Meta is sabotaging Brazilian elections and undermining South American democracies. Spread the message
Not one thing that was listed as useful in MUSE, needs AI at all!!
Water companies get fined for literally discharging shitty water and still making a profit , what is government for if not protecting the people , they seem to be in league with these exploiting practices at the public expense , having personal data exposed can endanger people’s lives .
This will wipe FB out. Not enough people pay for FB- most have the free version.
wooooohoooooo! At least one (small) win against those overloards!
Stop giving them fines ... take them off-line for a certain period. Use their own policies for users who are breaching their TOS.
Why is he lying. No one cares about muse.
Lies are costly, Aint that so, Xucker burger. 😉😉
Less than 1/2 of one quarter of earnings. Fines are just a fee for doing crimes.
This guy, thinking that any USA corporation would self regulate at the cost of their bottom line, is obviously smoking the drapes. Meta has repeatedly had clear evidence of harm from their platforms and has continued to hide from the truth. The 20th century had big tobacco. We have social media giants.
It would be a lot cheaper to give Trump a big gold plate and nothing like this would happen.
They are all crooks Zuckerberg, Musk, Trump etc. You aint part of the club. Yes most ads are fake rip offs, but they allow it. We dont need it. Your worth millions to them.
Great news!!!👍👍👍👍 Comes too late.
If they are not capable of the service or are being criminal, sack them .
These companies are data mining us, selling our information for billions while we are being exploited. I hope this lawsuit paves the way from legislation against data mining
This story announces Meta's $25 billion fine then completely failed to even talk about it. Talking instead about meta and Zucker in general. What about the reporting on the fine? what lies? Where will the fine go? Is it US or world wide? Who gets the money? When? The title of this news story should be Meta Quarterlies & Zuckerberger gets permission to sell stocks and keep control"
Who will get the 25bn? You spead it out between every user.
How can they ever pay that kind of fine, 😢😮 so it time to sell yesterday !
If they lied about that, imagine what they could have done
Wish we could remove meta from the west (other than US) and get back to talking to each other.
The ad business is only doing well because they're knowingly charging more for ads they suspect to be scams. Anything flagged as 95% or above potential to be a scam is removed, anything less than that is just charged more. No wonder they're making bank in ads. Meta is a failure.
Not enough! 25B for FB is roughly only 6 weeks of income, or so. Way too low a fine for screwing over millions of people. Fines should be based on the percentage of income.
Percentage based fines for corporations!!
Cheh
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