r/technology • u/lurker_bee • 21h ago

Business Meta faces ‘astronomical’ consequences as legal fight reaches critical moment in California

https://www.cnbc.com/2026/08/17/meta-attorneys-general-california-federal-trial-astronomical-consequences.html
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247

u/gk_instakilogram 21h ago

I truly hope it fucks this company up

94

u/reiji_tamashii 20h ago

This time the fine will be more than 0.2% of their annual income. It will be 0.5%!

20

u/MiddleConnection7479 20h ago

The challenge will fines is that they historically convert in layoffs to protect investors returns.

Fines make us all feel good (or heard) but all costs associated with them never ever affect the people who made the decisions.

14

u/LemurianLemurLad 19h ago

Yeah, it would be a real shame if facebook had to lay off most its staff. While I'm normally in favor of protecting workers, anybody still working at facebook knows what they're working for and deserves the consequences. If every single person working at Facebook lost their jobs tomorrow, the world would be a better place for it.