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Jury finds Meta liable in case over child sexual exploitation on its platforms

cnn.com

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Re: Jury finds Meta liable in case over child sexual exploitation on its platforms

#351

Post by tikimcfee »

WarcrimeActual wrote: post #348

I haven't read this article, but I can tell you for certain that no verdict was handed down that will punish them in any way that matters. They have and generate more money than they could ever spend and they're functionally above the law because of the money and lawyers they can afford. The law itself is broken in this country and when you get big enough you can literally get away with murder.

+1. If there's a dollar amount attached to a verdict for a company of this size, then it's just a complicated business expense and not an enforcement of a law.

Re: Jury finds Meta liable in case over child sexual exploitation on its platforms

#352

Post by [deleted] »

tikimcfee wrote: post #351
WarcrimeActual wrote: post #348

I haven't read this article, but I can tell you for certain that no verdict was handed down that will punish them in any way that matters. They have and generate more money than they could ever spend and they're functionally above the law because of the money and lawyers they can afford. The law itself is broken in this country and when you get big enough you can literally get away with murder.

+1. If there's a dollar amount attached to a verdict for a company of this size, then it's just a complicated business expense and not an enforcement of a law.

[deleted]

Re: Jury finds Meta liable in case over child sexual exploitation on its platforms

#353

Post by conductr »

tombert wrote: post #343

They had to pay about $375 million. That's a lot of money, but I suspect that Facebook has made considerably more than that on targeting children. I'm hardly the first person to use this logic, but if they make more money breaking the law than they have to pay in fines, then it's not a fine, it's a business expense.

Agree with your take. However, to put more perspective on the amount I think you have to consider this is just in New Mexico so the per capita fine is actually quite large and (big) if it were applied similarly nationally or globally it could be a significant impact to their business forcing some change.

Re: Jury finds Meta liable in case over child sexual exploitation on its platforms

#355

Post by smuhakg »

WarcrimeActual wrote: post #348

I haven't read this article, but I can tell you for certain that no verdict was handed down that will punish them in any way that matters. They have and generate more money than they could ever spend and they're functionally above the law because of the money and lawyers they can afford. The law itself is broken in this country and when you get big enough you can literally get away with murder.

It's a $3 million verdict in compensatory damages. Even if reduced on appeal, that's a lot of money.

This is really bad for Meta.

Re: Jury finds Meta liable in case over child sexual exploitation on its platforms

#356

Post by cr125rider »

sixsevenrot wrote: post #114
polyomino wrote: post #51

Earlier quoted context omitted.

Children do not want child locked devices and they will find alternatives

As with smoking, alcohol, sex, drugs etc Children who are smart enough to get access to a given vice without getting caught are more likely to be mature enough to be able to cope with that vice.

I think we’re going to see how that plays out with gambling.

It seems a bit silly to think security abstinence is the solution.

Re: Jury finds Meta liable in case over child sexual exploitation on its platforms

#358

Post by chimeracoder »

smuhakg wrote: post #355
WarcrimeActual wrote: post #348

I haven't read this article, but I can tell you for certain that no verdict was handed down that will punish them in any way that matters. They have and generate more money than they could ever spend and they're functionally above the law because of the money and lawyers they can afford. The law itself is broken in this country and when you get big enough you can literally get away with murder.

It's a $3 million verdict in compensatory damages. Even if reduced on appeal, that's a lot of money. This is really bad for Meta.

> It's a $3 million verdict in compensatory damages. Even if reduced on appeal, that's a lot of money.

Where are you seeing that?

The article says:

> Jurors found there were thousands of violations, each counting separately toward a penalty of $375 million. That’s less than one-fifth of what prosecutors were seeking.

> Meta is valued at about $1.5 trillion and the company’s stock was up 5% in early after-hours trading following the verdict, a signal that shareholders were shrugging off the news.

> Juror Linda Payton, 38, said the jury reached a compromise on the estimated number of teenagers affected by Meta’s platforms, while opting for the maximum penalty per violation. With a maximum $5,000 penalty for each violation, she said she thought each child was worth the maximum amount.

Re: Jury finds Meta liable in case over child sexual exploitation on its platforms

#359

Post by dotancohen »

smuhakg wrote: post #355
WarcrimeActual wrote: post #348

I haven't read this article, but I can tell you for certain that no verdict was handed down that will punish them in any way that matters. They have and generate more money than they could ever spend and they're functionally above the law because of the money and lawyers they can afford. The law itself is broken in this country and when you get big enough you can literally get away with murder.

It's a $3 million verdict in compensatory damages. Even if reduced on appeal, that's a lot of money. This is really bad for Meta.

Meta has a net profit over $140 million _per day_. $3 million is absolutely nothing to them.

Re: Jury finds Meta liable in case over child sexual exploitation on its platforms

#360

Post by john_strinlai »

smuhakg wrote: post #355
WarcrimeActual wrote: post #348

I haven't read this article, but I can tell you for certain that no verdict was handed down that will punish them in any way that matters. They have and generate more money than they could ever spend and they're functionally above the law because of the money and lawyers they can afford. The law itself is broken in this country and when you get big enough you can literally get away with murder.

It's a $3 million verdict in compensatory damages. Even if reduced on appeal, that's a lot of money. This is really bad for Meta.

how many minutes of revenue is that?

they did $200 billion in revenue and $60 billion in net income last year.

a $3 billion fine would be barely more than a slap on the wrist.

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