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I did do the rest: Meta hasn't paid that fine. Since that fine was imposed, they used that private data to improve their algorithms with, amongst other things,
by jiggawatts 2y ago
I did do the rest: Meta hasn't paid that fine.
Since that fine was imposed, they used that private data to improve their algorithms with, amongst other things, AI technology designed to addict your children to Facebook Reels, which is like TikTok, but with a bigger budget for training and inference.
In that year, their market cap doubled from 600 billion to 1.2 trillion.
I'm sure that fine of 0.1% of their market cap -- that they haven't paid -- is discouraging them from earning the next trillion dollars using the same kind of data.
- viraptor 2y ago> Meta hasn't paid that fine. Source? I can't find any confirmation.
- jiggawatts 2y ago> I can't find any confirmation. That's the point. I did find a recent article saying that Facebook is dragging out the process in the courts, will appeal, etc... The EU keeps counting chickens that haven't hatched yet.