But they won’t.

They aren’t going to owe shit. There’s no accountability in the US at all for the rich. Only the poors are punished. This is not a joke. If they’re found liable, they might pay like $50 and have to say “I’m so sowwy”.

This court has the right idea.
A company illegally ‘shares’ your information with another, they are saying you have been injured by this and deserve compensation. Asking (not forcing) the other company to delete the data is not enough, especially if that data has then been resold to others.

So come up with some value for that injury and multiply it by the number of Facebook users at the time and you have an astronomical number in the tens of billions. Court looked at that and (correctly IMHO) said ‘sounds about right’.

So if I violated people’s privacy, it would only be a fine? How much to violate mark Zuckerbergs privacy?

If they fine meta, trump will put a tariff on New Mexico. It has Mexico in its name, they already are on thin ice.

And Meta can pay billions, continue doing business as usual, recoup the cost relatively quickly, and eventually become immensely profitable again.

At a certain scale, what you and I consider to be an enormous amount of money can become almost meaningless to a company like that. A multibillion-dollar fine may sound devastating to the average person, but if it represents only a small fraction of the company’s revenue or profits, it is little more than a cost of doing business.

If you actually want to hurt these companies and create a meaningful deterrent, the penalty has to be tied to their economic scale. Take a percentage of their profits or, in sufficiently serious cases, their revenue. Make the penalty large enough that the company genuinely feels the financial consequences of its behavior.

Otherwise, you aren’t really punishing them. You’re just irritating them.

With their revenue stream it should be jail time, not only money penalty

could? if its not trillions i dont wanna hear it. they committed 15 billion in fraud alone in one quarter with ai scam fraud ads stealing from dementa old people with not even a slap on the wrist. apparently fraud slop hallucinations is only thing ai is good for currently

also will be overridden and pardoned by trump and judges bought by meta. need to shame users of social media owned by the esptein class until they go bankrupt. any business advertising with meta needs to go bankrupt.

“could”, huh? Yeah ok.

Why aren’t penalties the percentage of the company’s worth? It would be a catch 22 for the companies - do you inflate your worth to get more investors or do you deflate your worth to pay less penalties.

Also worth noting: Cambridge Analytica did not disappear, as the author repeatedly implies. CA merely slipped the surly bonds of jurisprudence declaring insolvency, then resurfaced wearing the name Emerdata, and nothing was solved.

Meta pulls out their wallet, and gives a little charity to the poors.

Fine em 100 trillion. It would solve a lot of your problems, and they could probably still survive but would be quite contrite going forward.

Slap on the wrist incoming.

Big tech companies could probably pay out at least a billion to every person on the planet and still not go bankrupt. Then they could grace themselves out and diversify by supporting open source tech instead. The man can dream.

Owe billions, not to the people they stole the data from. Just another day in corporate America.