5 ms·
That’s still a fine of 1% of revenue, which seems like a small percentage, but is still a sizable hit. It’s enough to make investors notice, but probably not su
by mbreese 2y ago
That’s still a fine of 1% of revenue, which seems like a small percentage, but is still a sizable hit. It’s enough to make investors notice, but probably not substantially if it is a once-off event. If it isn’t a one-off event though and states/countries start fining it all over the place, then there might be more of an issue.
- dantyti 2y agoas noted in the AP article, it's at least a second settlement: > In 2021, a judge approved a $650 million settlement with the company, formerly known as Facebook, over similar allegations of users in Illinois.
- dartos 2y agoAin’t no amount of money that can compare to infinite growth and mass media control.
- j_maffe 2y agoThis is just factually incorrect. Facebook doesn't have "infinite growth"
- dartos 2y agoTell big tech leadership and investors that
- ta1243 2y agoThe entire economy is based on infinite growth, and most of it is based on exponential growth, which is of course a problem. Indeed the concept of the infinite growth may well explain the Fermi paradox through the concept of a "light cage"[0] https://pureportal.strath.ac.uk/en/publications/the-light-cage-limit-to-interstellar-expansion https://pureportal.strath.ac.uk/en/publications/the-light-ca...
- ta1243 2y agoIf the illegal practice raised $5b in extra revenue then that's just good business sense.