| Post Reply | RetroFed Forums Forum Index » Anti-social media |
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misk
piefed.social
misk@piefed.socialJoined: 2025-03-15 |
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orbituary
lemmy.dbzer0.com
orbituary@lemmy.dbzer0.comJoined: 2023-06-14 |
And so fucking what? What ever actually happens to these companies? Nothing. Not a damned thing. So, who cares? Shut it down or shut up. FB et al should be destroyed. Anything less is bullshit. |
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NaibofTabr
infosec.pub
NaibofTabr@infosec.pub Joined: 2023-06-18 |
And so fucking what? What ever actually happens to these companies? Nothing. Not a damned thing. So, who cares? Shut it down or shut up. FB et al should be destroyed. Anything less is bullshit.
This is very consequential right now.
https://www.npr.org/2026/08/17/nx-s1-5930701/meta-trial-kids-social-media-addiction In the recent suit in New Mexico they received almost a billion dollars in penalties. That represents less than 1% of their annual revenue, but a billion dollars is still a significant amount of money. More importantly, the New Mexico verdict is expected to set a precedent which will affect the outcomes of the other lawsuits. The engineer's statement in the Reuters article is just the beginning of testimony for the suit in California. We're just getting started. If they end up losing a year's revenue out of this, that could actually end the company. $1.4T is their entire net worth. The states bringing these lawsuits are threatening to completely wipe the company out. |
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Seppo
sopuli.xyz
Seppo@sopuli.xyz Joined: 2026-05-03 |
[removed by moderator]
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misk
piefed.social
misk@piefed.socialJoined: 2025-03-15 |
[removed by moderator]
His job is also not to get caught so if Meta loses this then Zuck will be on the hook by the same investors who demanded infinite growth. Which I find very funny. |
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XLE
piefed.social
XLE@piefed.social Joined: 2025-06-23 |
[removed by moderator]
Ironically Mark Zuckerberg is well known for doing unprofitable things, and for building his company in a way where he cannot be removed. |
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Seppo
sopuli.xyz
Seppo@sopuli.xyz Joined: 2026-05-03 |
His job is also not to get caught so if Meta loses this then Zuck will be on the hook by the same investors who demanded infinite growth. Which I find very funny.
[removed by moderator]
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misk
piefed.social
misk@piefed.socialJoined: 2025-03-15 |
[removed by moderator]
Meta is about to be fined in billions in multiple jurisdictions and that’s on top of multiple failed investments (Metaverse, Meta AI). Yeah, they thought the fines would be manageable. These people are aren’t immune to blunders though. Meta is in perfect position to become a scapegoat for the entire industry. |
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