The state’s attorney says the penalties should be significant enough to impact the company.
If the state of New Mexico has its way, Meta will have to pay up to $40 billion in penalties after a jury sided with the government in its lawsuit over the Cambridge Analytica scandal. According to Reuters, state authorities have asked a judge to order the company to pay between $35 billion and $40 billion. If you’ll recall, New Mexico filed the lawsuit against Meta in 2021, accusing it of misleading its users about its data privacy practices. Cambridge Analytica, a British political data firm, harvested information from over 50 million Facebook profiles without consent for political ad campaigns.
In late September, a New Mexico jury sided with the state. Jurors ruled that Meta had violated New Mexico’s Unfair Practices Act and had misled residents about their privacy, as well as on how the company handles misinformation. Under the jury’s verdict, the state could ask for as much as $219 billion. Yes, that’s billion with a B. The jurors had examined 29 statements the company had made on issues involving the case and found 26 of them misleading. Based on the number of Facebook users in New Mexico who were the audience of those statements, the juror had found that Meta had committed 43 million violations of the state’s consumer protection laws.
It should be 40 billion per state. It should be enough to run these companies right out of business. Which means it won’t happen.
When you owe the people $100B it’s your problem.
When you own the people $10T it’s the people’s problem.
It is. This is for just one state (New Mexico).
While true… 48 other states already settled the Cambridge Analytica stuff for $18B total. The only State left that didn’t join that original group is Florida.
So there is no chance of them actually paying anywhere near a correct amount for the issue.
Should be $40 billion, disgorgement, then disembowlment, then death sentence for all the fuckers responsible for it and actually running it
What is this? Conspiracy to treason or something? /s
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Cambridge analytica was the blueprint for this entire operation. I’m glad someone is at least talking about it.
Is prison never possible?
That’s just for New Mexico right?
Yep. The law violated was in NM. It’s uncertain how this applies to other US states, or the rest of the world. I’m sure Meta lawyers would say each state and the rest of the world are all separate cases, and will fight tooth and nail in each of those cases.
Money aside, the publicity and legal precedent will also harm them.
Let’s not set that money aside until it’s been paid. And yes, let’s make certain that the publicity is spread far and wide. Why? Because fuck Meta Fascism, and fuck all corporate interference in democracy. And let’s use the legal precedence to rein in and dismantle Meta, and other corporate fascists.
Fuck’em up! Fines can’t just be the price of doing business, they have to PUNISH, so they change behavior.
I think they should double that, at least.
Even 80B would just be ‘cost of doing business’. The market Cap is 1.87T!! That is 1,870B. 80B/1870B = 0.04 or 4 percent. Pocket change. If you had a car worth $1870, and your mechanic said it’s gonna cost $80 to fix it you would just shell out the $$. right?!?
Holy fuck. Then multiply it by a thousand.
