How much money does meta even make from political ads? Why would they even want to deal with this?
Bloomberg spent enough money to give every US citizen $1000000 on his last presidential run! (Not really… there were just some newscasters that were really bad at math) But he did spend like $1B as just one candidate in the primaries.
Judge rules Facebook parent Meta intentionally violated campaign finance laws
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Re: Judge rules Facebook parent Meta intentionally violated campaign finance laws
#72Earlier quoted context omitted.
It once again makes me wonder what they want to do with all that money. Meta is one of the most powerful companies. They get all this money to sell some of that money. What really is the end game here? The whole point of money or power would be to use it to do something you care about? What use is money and power for the sake of itself? Why have it if all you want is more of it? At least some rich people seem to want…
Perhaps a Walter White quote is fitting here: "I'm in the empire business."
Re: Judge rules Facebook parent Meta intentionally violated campaign finance laws
#73From that PR it seems partial compliance is what got them burned. They obviously knew what ads were political because they put some information about them up, but not all. If they had simply not complied at all and tried to blame their customers for not classifying the ads correctly, it might have gone a bit better in their favor. Related, it's still insane that companies can basically argue "this ad that thousands u…
Funnily enough, I was involved in a project that did dynamically generated real-time adverts (specifically updating betting odds in real time). It crashed and burned because Facebook insisted every advert has to be reviewed and approved beforehand.
Re: Judge rules Facebook parent Meta intentionally violated campaign finance laws
#74Quoted post unavailable.
This guy has a decade plus vendetta against Facebook [0] and posts in all these threads. While I respect that, I wouldn't read too much into this comment. [0] https://news.ycombinator.com/item?id=3029872
Re: Judge rules Facebook parent Meta intentionally violated campaign finance laws
#75Earlier quoted context omitted.
They need to argue that, because otherwise it would eat into their bottom line to the point of unprofitability. You can't run a service for billions of people with less than 100k employees that also has an editor review everything.
How do they charge per advert? If I was paying someone hundreds - or thousands - of dollars, I'd certainly expect some degree of personal service.
Re: Judge rules Facebook parent Meta intentionally violated campaign finance laws
#76Earlier quoted context omitted.
Maybe time to rethink the way fines are determined. I’d be very much in favour of the “swiss model” for traffic fines - based on your income. You did X wrong, here’s the set price from our catalogue vs. you did X wrong and based on your earnings, here’s what you owe.
Fines for GDPR violations work that way too. A severe violation can be penalized with "a fine of up to €20 million, or 4% of the firm’s worldwide annual revenue from the preceding financial year, whichever amount is higher." https://gdpr.eu/fines/
Re: Judge rules Facebook parent Meta intentionally violated campaign finance laws
#77Earlier quoted context omitted.
If they had to comply with local law in every area they operate it would be extremely complicated and expensive to manage. I think they fear the precedent not the dollars in this specific case. Edit: To be clear my opinion is that FB should be forced to comply, by federal action if necessary. That their business depends on not taking responsibility for the messages they choose to amplify is their problem and they sho…
If that were true, why we do we see global oil companies, global retailers, global restaurant chains, or global media conglomerates? Do you think Walmart doesn't have to deal with varying employment and product laws at the country, state, and local level for each of its stores?
Re: Judge rules Facebook parent Meta intentionally violated campaign finance laws
#78Earlier quoted context omitted.
This guy has a decade plus vendetta against Facebook [0] and posts in all these threads. While I respect that, I wouldn't read too much into this comment. [0] https://news.ycombinator.com/item?id=3029872
If more people do what he’s doing (rally against evil corps) the world might be a better place
Re: Judge rules Facebook parent Meta intentionally violated campaign finance laws
#79How much money does meta even make from political ads? Why would they even want to deal with this?
Bloomberg spent enough money to give every US citizen $1000000 on his last presidential run! (Not really… there were just some newscasters that were really bad at math) But he did spend like $1B as just one candidate in the primaries.
is what you are referring to.