A lot of people on this story are making the usual snarky remarks that, oh, this is just a slap on the wrist—some trivial proportion of Meta’s global revenue. And that is true, but unlike the EU, for example, New Mexico is a tiny jurisdiction. It only has a little bit more than 2 million people. So actually, a fine—or a judgment—of $942 million that applies just to New Mexico is enormous. If you look at Meta’s revenu…
This analysis actually understates how massive and outsized the penalties are. The court ruling only applies to children in New Mexico under age 18. New Mexico has ~450,000 people under age 18, of which roughly 140,000 are between ages 13-17 (Meta officially requires age 13+ to use their platforms). Recent Pew surveys of U.S. teens ages 13–17 show ~70% of teenagers use Instagram and ~30% use Facebook. In New Mexico,…
Only if you set aside the passage of time.