Got away with it again, good profit, will repeat.
The legal system does not seek to destroy the business, or individual criminal. Instead it wants them to be able to continue doing their other non-criminal stuff.
Zuckerberg has a brain, he decided to take this action, it is absurd he is not being hit with a personal penalty.
I would love to see some justice.
Though I don't see a link to a specific case in either article, I don't think they're separate cases.
Naming and shaming won't do much good. It could backfire and serve as a positive mark on their resume for other morally corrupt leaders.
Now I'm afraid they've screwed everyone over and the idea of an anonymous open internet is now dead- we're gonna see age (read, real ID) verification gating on every site and app soon....
The dumb thing is to look back and see how umimportant it is that Facebook feed algorithm be this addictive. They already had the network effects and no real competitors. They could have just left it alone.
The laws being passed target exactly the wrong thing that wasn't a problem. They should have been passing "duty to care" laws aimed at social media companies not "give me your age" laws.
I may have missed it, but almost all these laws being passed for this issue have been pretty much solely around data collection rather than modifying the behavior of the worst businesses in the game.
It would be like seeing a car wreck kill a bunch of pedestrians and then passing a law that pedestrians need to carry IDs on them.
Now we're just moving on to a kind of moral panic think-of-the-kids kind of moment that is thinly-veiled state surveillance.
Meta's biggest competitor was users' personal lives, not any other web service. They have been ruthless in crushing that competition.
You start slow, then push it the limits
Netflix, never ads to some ads, then eventually its just Adflix, after 20 years.
Each new manager wants that comp up. So ads up by 5% every year.
You can purchase a scam ad it'll be up in 10 minutes. Lie to every anxious child they have ADHD and need meth, lie to every dejected boy that they just need to manosphere up and buy supplements.
They think the public is stupid. They might be right.
By "erasure," I'm not referring to the death of the involved; I'm referring to the elimination of the individual's social capital.
When the privileged lose their ability to influence others, they tend to get rather distressed.
This is really bad for Meta.
they did $200 billion in revenue and $60 billion in net income last year.
a $3 billion fine would be barely more than a slap on the wrist.
$3m is nothing. 10% of global revenues (not profits) for each year in which this occurred would be something that might actually make them think twice about breaking the law and harming people for money.
Will literally never happen. It's impossible. I'm not talking figuratively impossible. At his level of wealth and influence, there are good odds he could murder someone on live stream and walk away. You are dangerously underestimating the influence the rich have in every aspect of society and law.
Where are you seeing that?
The article says:
> Jurors found there were thousands of violations, each counting separately toward a penalty of $375 million. That’s less than one-fifth of what prosecutors were seeking.
> Meta is valued at about $1.5 trillion and the company’s stock was up 5% in early after-hours trading following the verdict, a signal that shareholders were shrugging off the news.
> Juror Linda Payton, 38, said the jury reached a compromise on the estimated number of teenagers affected by Meta’s platforms, while opting for the maximum penalty per violation. With a maximum $5,000 penalty for each violation, she said she thought each child was worth the maximum amount.
It all boils down to consent.
I might want to take some drugs that have some harmful side effects. But i knew about them and i willingly made the choice because I valued the high more.
Contrast this with, I knew about the harmful side effects and told you they didnt exist and you should take more. And then i change the drug so its even MORE harmful because it also makes you BUY more. That's what these social media sites do.
They use engineered sociology and psychology to create addictive products, and then refine them to maximize profit at the cost of anything they can pull a lever on.
What bothers me the most is not the vampires at the top sucking out every dollar they can extract out of vulnerable people, but the fact that so many engineers are supporting this. So much for engineering ethics. Why even bother teaching it anymore?