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Meta reaches $17B settlement over social media harms to children

reuters.com

31–40 of 492 posts

Re: Meta reaches $17B settlement over social media harms to children

#32
post #16

still feels like they got away easy for raping children's minds "Meta has long argued it could not have misled consumers about whether its services were addictive because "social media addiction" is not a recognized psychiatric condition." that's a nice escape hatch, considering that they are using all the tricks in the book (from online gambling, etc) and then some

>[irreparably damaging] children's minds

I’d love for someone to get me into Mark Zuckerberg’s head on why he should keep doing what he’s doing.

Re: Meta reaches $17B settlement over social media harms to children

#33
post #5

1% of their market cap. I don't think we'll see someone with a net worth of $100,000 paying only a $1000 fine for harming children.

Market cap is generally the wrong measure. If you registered asf1254 Inc., and it was always just you, and it traded like Meta stocks trade, then "asf1254 Inc." would have a market cap ~6.2× whatever you're currently earning.

i.e., if you earn $100k/year, you'd be "worth" $620k, and 1% of that would be a fine of $6200.

Re: Meta reaches $17B settlement over social media harms to children

#35
post #16

still feels like they got away easy for raping children's minds "Meta has long argued it could not have misled consumers about whether its services were addictive because "social media addiction" is not a recognized psychiatric condition." that's a nice escape hatch, considering that they are using all the tricks in the book (from online gambling, etc) and then some

This is crazy, Meta is not solely responsible for people and kids having addiction to their phones (very similar if not identical to social media addiction). Gambling has regulations all the companies have to abide by. Social media and content platforms have nothing like that.

> Gambling has regulations all the companies have to abide by. Social media and content platforms have nothing like that.

Ah, then I’m sure Meta will be quite happy to support legislation that requires a message to be displayed every time you open the app, upload a photo, or post a comment:

  - “Social media use is shown to directly cause significant mental health distress, especially to children. Continue? Yes / Close / Configure allowed applications”
Similar to tobacco products.

Re: Meta reaches $17B settlement over social media harms to children

#37
post #32
post #16

still feels like they got away easy for raping children's minds "Meta has long argued it could not have misled consumers about whether its services were addictive because "social media addiction" is not a recognized psychiatric condition." that's a nice escape hatch, considering that they are using all the tricks in the book (from online gambling, etc) and then some

>[irreparably damaging] children's minds I’d love for someone to get me into Mark Zuckerberg’s head on why he should keep doing what he’s doing.

[deleted]

Re: Meta reaches $17B settlement over social media harms to children

#40
post #32
post #16

still feels like they got away easy for raping children's minds "Meta has long argued it could not have misled consumers about whether its services were addictive because "social media addiction" is not a recognized psychiatric condition." that's a nice escape hatch, considering that they are using all the tricks in the book (from online gambling, etc) and then some

>[irreparably damaging] children's minds I’d love for someone to get me into Mark Zuckerberg’s head on why he should keep doing what he’s doing.

What's he gonna do? There is no "enough" with some personalities, there is only "more".
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