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FB will settle out of court. Probably a third of what shareholders are asking. Lawyers get paid handsomely on both sides. Parent company has washed away the sti
by xyst 2y ago
FB will settle out of court. Probably a third of what shareholders are asking. Lawyers get paid handsomely on both sides. Parent company has washed away the stink of Cambridge Analytica fallout (remember those bs “sorry” videos and newspaper ads? [1,2]). Shareholders get a pittance.
I’m a bit over this hyper-capitalistic market. When are C-level executives going to pay for their actions? Where is the jail time for these people?
This country is a joke.
[1] https://m.youtube.com/watch?v=Q4zd7X98eOs https://m.youtube.com/watch?v=Q4zd7X98eOs
[2] https://mashable.com/article/facebook-newspaper-ad-apology https://mashable.com/article/facebook-newspaper-ad-apology
- orionblastar 2y agoRemember all those years ago? Too big to fail, too big to jail. If you or I did the same things we'd be in jail.
- xvector 2y agoWhy should C-level execs pay for what was effectively a Russian think-tank exploiting a vulnerability in their developer platform? Should Tim Cook go to jail because Pegasus exists? This whole thing has been blown way out of proportion. Facebook is easy to hate and the facts get lost.