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 threadjwzDec 29

@QasimRashid An interesting question here, that we will never get to know the answer to, is why did the plaintiffs accept such a low settlement? Was it because they thought they would lose, was it pure short-term venality, or was there some other threat or bribe?

Since the plaintiffs were "the Facebook shareholders" I assume this was always a "whoever wins, the rest of us lose" situation, but still.

Show threadViss
@jwz @QasimRashid more blackmail perhaps?
Dec 29 at 6:41pmTusky