We need tort reform in the US. These nuclear verdicts are causing insurance prices to go up. I forget the statistics, but I'm pretty sure every American citizen is paying a $500 to multi-thousand dollar tax because of giant lawsuits like this. Nowhere else in the world has this problem. Lawyers have too much power with politicians.
lysace
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.
Noaidi
The original fine was much higher. This is closer to Meta’s hopes than the peoples.
bananamogul
All the states that participated in the class action settlement got $725 million combined. New Mexico decided to go it alone and gets $25 billion. Great timing for the AG who’s up for reelection on November 3 (even though it was the previous AG who made the call).
alex1138
So apropos of nothing remember when Zuck bought a castle rather than spend that money on any sort of Facebook account support?
ok123456
The Cambridge Analytica "scandal" is basically an advertising campaign for Meta itself. Their ad platform worked exactly as designed: it allowed creepy, microtargeted advertisements. Instead of dish soap, peptides, and dropshipped garbage, it sold a political candidate. Much worse is how Meta enabled a genocide in Myanmar.
dominotw
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.
mike_bob
Not enough.
richwater
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.
devsda
> While the full amount of the penalty against Meta, based on thousands of violations of state law, was calculated as $219bn, Judge Mathew reduced the penalty to the $25bn fine. umm when a thief steals and gets caught, we don't just punish them. We also recover what was stolen. They should also be made to delete all user data collected during the period, and pause similar data collection for x months/years even the ones that fall under their service terms. The price of wrong doing should be high, and for meta deleting historical user data is the highest form of punishment . Otherwise it's just cost of business.
ReptileMan
Diseconomies of scale.
tomjen3
How much is Cambridge Analytica going to have to pay? I'm all for ramming Meta, but I feel like they should be forced to pay the same amount.
ArcHound
This seems to be a consequence of the Cambridge Analytica. Could it be that we'll see some consequences?
ThouYS
finally some proper penalty OOMs
hawk_
Stock seems to have shot up ~7% aftermarket so just cost of business.
gib444
If they actually pay $25B, I'll eat my hat. Hell, I might even eat two of my hats
hmokiguess
Pay to play
giancarlostoro
I remember long ago, you could fully hide your profile from ANY type of search. Now you cannot. I also remember long before they started scanning your face, they added an opt-out checkbox, I'm pretty sure this disappeared for a long time. You know that feature where they'd auto-suggest who to tag? Yea, you could bar them from using your face for that, now Facebook has taken a steaming pile of... on your privacy at levels I've never seen them pull before.
nidnogg
People are not notifying this nearly enough, but Meta is still going up and at it in Brazil [1] during one of the most polarized elections I've ever seen during my time. Things got so ridiculous that Meta's AI WhatsApp companion would let you generate one candidate's posters, but flat-out deny you the same prompt for the opposition. Of course the bias skewed heavily towards benefiting the alt-right, pro-MAGA party. [1] - https://www.reuters.com/world/americas/meta-employees-said-l...
ChrisArchitect
New Mexico DOJ release: https://nmdoj.gov/press-release/the-new-mexico-department-of...
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Discussion Highlights (20 comments)
google234123
We need tort reform in the US. These nuclear verdicts are causing insurance prices to go up. I forget the statistics, but I'm pretty sure every American citizen is paying a $500 to multi-thousand dollar tax because of giant lawsuits like this. Nowhere else in the world has this problem. Lawyers have too much power with politicians.
lysace
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.
Noaidi
The original fine was much higher. This is closer to Meta’s hopes than the peoples.
bananamogul
All the states that participated in the class action settlement got $725 million combined. New Mexico decided to go it alone and gets $25 billion. Great timing for the AG who’s up for reelection on November 3 (even though it was the previous AG who made the call).
alex1138
So apropos of nothing remember when Zuck bought a castle rather than spend that money on any sort of Facebook account support?
ok123456
The Cambridge Analytica "scandal" is basically an advertising campaign for Meta itself. Their ad platform worked exactly as designed: it allowed creepy, microtargeted advertisements. Instead of dish soap, peptides, and dropshipped garbage, it sold a political candidate. Much worse is how Meta enabled a genocide in Myanmar.
dominotw
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.
mike_bob
Not enough.
richwater
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.
devsda
> While the full amount of the penalty against Meta, based on thousands of violations of state law, was calculated as $219bn, Judge Mathew reduced the penalty to the $25bn fine. umm when a thief steals and gets caught, we don't just punish them. We also recover what was stolen. They should also be made to delete all user data collected during the period, and pause similar data collection for x months/years even the ones that fall under their service terms. The price of wrong doing should be high, and for meta deleting historical user data is the highest form of punishment . Otherwise it's just cost of business.
ReptileMan
Diseconomies of scale.
tomjen3
How much is Cambridge Analytica going to have to pay? I'm all for ramming Meta, but I feel like they should be forced to pay the same amount.
ArcHound
This seems to be a consequence of the Cambridge Analytica. Could it be that we'll see some consequences?
ThouYS
finally some proper penalty OOMs
hawk_
Stock seems to have shot up ~7% aftermarket so just cost of business.
gib444
If they actually pay $25B, I'll eat my hat. Hell, I might even eat two of my hats
hmokiguess
Pay to play
giancarlostoro
I remember long ago, you could fully hide your profile from ANY type of search. Now you cannot. I also remember long before they started scanning your face, they added an opt-out checkbox, I'm pretty sure this disappeared for a long time. You know that feature where they'd auto-suggest who to tag? Yea, you could bar them from using your face for that, now Facebook has taken a steaming pile of... on your privacy at levels I've never seen them pull before.
nidnogg
People are not notifying this nearly enough, but Meta is still going up and at it in Brazil [1] during one of the most polarized elections I've ever seen during my time. Things got so ridiculous that Meta's AI WhatsApp companion would let you generate one candidate's posters, but flat-out deny you the same prompt for the opposition. Of course the bias skewed heavily towards benefiting the alt-right, pro-MAGA party. [1] - https://www.reuters.com/world/americas/meta-employees-said-l...
ChrisArchitect
New Mexico DOJ release: https://nmdoj.gov/press-release/the-new-mexico-department-of...