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…
Unlike banks, telcos, power grid operating at similar scales, the regulations literally took hundreds of years to develop after all kinds of fiascos.
Its a lesson in scaling is not magic. Problems will scale too.