Qasim Rashid, Esq.Dec 29

Zuckerburg is paying only $190M to settle an $8B lawsuit by Facebook shareholders for failing in his oversight duties in the Cambridge Analytica crime.

A reminder that even $8B would’ve been only 3% of his net worth, and $190M is only .08% of his net worth.

About $75 for ordinary working people.
Another reminder that “If the penalty for a crime is a fine, then that law only exists for the lower class.”

Show threadAndrea Corbellini

@QasimRashid the problem with these fines (which in proportion are less than a slap on the wrist) is that they *encourage* companies to act evil.

If you commit a crime but then nobody finds out, you're going to live under fear for a while at least. But if you get caught and the punishment is close to nothing, then what stops you from committing even more crimes?

Dec 29 at 6:30pmWeb
Show threadAndrea CorbelliniDec 29
@QasimRashid these silly fines only increase the confidence in corporates to make deliberate bad actions. They know that if they get caught, the profits they make are always going to be higher than any fine