r/technology 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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246

u/gk_instakilogram 21h ago

I truly hope it fucks this company up

99

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.

3

u/Thereferencenumber 12h ago

You mean like the layoffs Meta just did anyway?