hannah aubry
Tonanio 🇪🇺 🇵🇹 🇺🇦 🇵🇱@haubles Sorry, but not sorry, Meta makes upwards of 200B (Billions with a "B") per year, of which the net income was last year of nearly 60 Billion. So a fair sentence would be at least 10%, i.e. 600 Million. Almost double, but at least 10% of net income. That would wake up investors.
Femme Malheureuse@tonanio @haubles That. I was just going to point out that Meta was forced to pay $5 BILLION for continued violations of an FTC consent decree regarding Facebook's repeated violations of users' privacy -- and Facebook/Meta and the stock market didn't even blink.
Fines must be much larger and proportional to the size of the platform's userbase before Meta will change. Its repeated violations of the FTC consent decree proved that as did the subsequent fine.
truth, but AFAIK it's the first time a social platform has been held accountable for the direct harm they cause to all people, especially children. that's worth celebrating
@haubles @tonanio I think the FTC's was a similar effort to hold Facebook accountable for damages but it wasn't driven specifically by damage to minors.
If only Congress had done something about Facebook's persistent abuses which have been know for more than a decade, but it's done nothing substantive even after former Facebook director and whistleblower Sarah Wynn-Williams testified in a hearing.
https://en.wikipedia.org/wiki/Criticism_of_Facebook#Psychological/sociological_effects
https://www.youtube.com/live/jYgbTRYHFt8?si=MlRQa22mEVj9r9jy&t=1690
I could not believe it when that antitrust case went in Meta’s favor, especially after reading @pluralistic’s article where he went through all the emails where Zuck had blatantly engaged in anti-competitive practices.
Although perhaps since I live in the modern day US, I should start believing what my country’s government is proving they are capable of. 🙃