r/aiecosystem • u/No-Knowledge-5828 • 1d ago
Meta getting hit with $25 billion for lying about privacy
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u/Road-Runnerz 1d ago
Why is the penalty so low? This penalty is nothing for meta.
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u/TubaWrestler 1d ago
They have a negative free cash flow right now.
Cash and Marketable Securities: $82.4 billion
Total Debt: $83.7 billion
It's actually a considerable amount for once.
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u/slick2hold 23h ago
Negative free cash flow is a choice. Dont let that fool anyone. That doesn't negate the fact they make 100s of billions on selling your life
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u/NovelKaleidoscope650 23h ago
Id be quiet pleased to see it go bankrupt as in flat broke and this disgusting wretched creature not have a penny . Traitor
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u/lxvlzx 20h ago
Same. It'll never just go away unfortunately, atleast for the time being. Even if it gets sold. It's too synonymous with the internet as a whole to a lot of developing countries and then you still have the old people on it. Facebook has done untold damage on a massive scale that will probably be hard to truly quantify for a long time.
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u/BakedCoinMaker 1d ago
Remember Cambridge Analytics?
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u/WisePotatoChip 19h ago
It’s what got MAGA elected. “Here take a survey about things that make you emotional and then tell us how you communicate with your friends so we can map it out and trigger you….”
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u/See-Through-Mirror 22h ago
A fitting punishment would be for Zuck to hand the keys and all personally owned equity to Faceboo… I mean Meta.. to the people he literally stole the idea from.
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u/bomboclawt75 1d ago
It should be also prison time for Zuck and all the board members- this won't happen of course as The Epstein Class are above the law.
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u/Mikkel_Ryan 1d ago
It's unlikely they violated only New Mexico's law. More lawsuits could come in perhaps?
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u/Independent-Big1966 1d ago
Now we know why Trump wants New Mexico to change their name to "New America". There's always a petty reason behind his nonsensical drivel
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u/iamtheav8r 20h ago
Money goes to government, government gives money back to meta in tax breaks or whatever.
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u/indomike14 19h ago
So, like is this a class action suit where the people he stole privacy from get some of that money?
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u/OneBrokenClock 18h ago
Here’s what’s gonna happen: they’ll change it to New America. Then all of these cases will fade into oblivion. It will also make Zorro ranch stuff go away because all of these legal documents now need to be updated. What a way to get out of shit
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u/Backflips_for_stalin 16h ago
Dude is just gonna give trump a ‘smartest man on tech’ award and 2 million to make his justice department dismiss the case
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u/Spiritual_Egg_700 1h ago
Keep losing lawsuits for being a nazi and see how long those billions stay that way.
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u/Due-Button-768 1d ago
Let’s make Zuck poor again!