All the states that participated in the class action settlement got $725 million combined.
New Mexico decided to go it alone and gets $25 billion.
Great timing for the AG who’s up for reelection on November 3 (even though it was the previous AG who made the call).
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lenerdenator
They were originally sued for, what, half a trillion?
Pennies on the dollar.
yodsanklai
Any reason why META surged after hours? is that related to this news?
show comments
nidnogg
People are not notifying this nearly enough, but Meta is still going up and at it in Brazil [1] during one of the most polarized elections I've ever seen during my time.
Things got so ridiculous that Meta's AI WhatsApp companion would let you generate one candidate's posters, but flat-out deny you the same prompt for the opposition. Of course the bias skewed heavily towards benefiting the alt-right, pro-MAGA party.
Another example why Third party Advertising needs to be banned and also put on the list of human rights by the UN.
The inbalance between good and bad consequences from third party advertising is just completely broken.
devsda
> While the full amount of the penalty against Meta, based on thousands of violations of state law, was calculated as $219bn, Judge Mathew reduced the penalty to the $25bn fine.
umm when a thief steals and gets caught, we don't just punish them. We also recover what was stolen.
They should also be made to delete all user data collected during the period, and pause similar data collection for x months/years even the ones that fall under their service terms. The price of wrong doing should be high, and for meta deleting historical user data is the highest form of punishment .
Otherwise it's just cost of business.
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nalekberov
It’s crazy how these criminals can get away with it just by paying money. Sure, $25B isn’t peanuts, but this money shouldn’t have belonged to companies like Meta to begin with.
The Cambridge Analytica "scandal" is basically an advertising campaign for Meta itself. Their ad platform worked exactly as designed: it allowed creepy, microtargeted advertisements. Instead of dish soap, peptides, and dropshipped garbage, it sold a political candidate.
Much worse is how Meta enabled a genocide in Myanmar.
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tomjen3
How much is Cambridge Analytica going to have to pay? I'm all for ramming Meta, but I feel like they should be forced to pay the same amount.
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ReptileMan
Diseconomies of scale.
gib444
If they actually pay $25B, I'll eat my hat. Hell, I might even eat two of my hats
Noaidi
The original fine was much higher. This is closer to Meta’s hopes than the peoples.
lysace
Previously when the EU has ordered US companies to pay penalties of a "few billion EUR" for trade abuse there has typically been a lot of jingoistic outrage here. This one will be interesting to watch.
show comments
alex1138
So apropos of nothing remember when Zuck bought a castle rather than spend that money on any sort of Facebook account support?
dominotw
i hate that zuck has his ad empire funding all sort of stupid shit. Nothing can even touch him as long as ad dollars keep flowing.
why are ads so so sucessful on meta platform. i hate it so much.
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richwater
Jury based punitive damages are constantly overturned because they are not legal experts and don't understand anything.
Anyone who thinks Meta will actually pay this amount have no clue what they're talking about.
show comments
google234123
We need tort reform in the US. These nuclear verdicts are causing insurance prices to go up. I forget the statistics, but I'm pretty sure every American citizen is paying a $500 to multi-thousand dollar tax because of giant lawsuits like this. Nowhere else in the world has this problem. Lawyers have too much power with politicians.
All the states that participated in the class action settlement got $725 million combined.
New Mexico decided to go it alone and gets $25 billion.
Great timing for the AG who’s up for reelection on November 3 (even though it was the previous AG who made the call).
They were originally sued for, what, half a trillion?
Pennies on the dollar.
Any reason why META surged after hours? is that related to this news?
People are not notifying this nearly enough, but Meta is still going up and at it in Brazil [1] during one of the most polarized elections I've ever seen during my time.
Things got so ridiculous that Meta's AI WhatsApp companion would let you generate one candidate's posters, but flat-out deny you the same prompt for the opposition. Of course the bias skewed heavily towards benefiting the alt-right, pro-MAGA party.
[1] - https://www.reuters.com/world/americas/meta-employees-said-l...
Not enough.
Another example why Third party Advertising needs to be banned and also put on the list of human rights by the UN.
The inbalance between good and bad consequences from third party advertising is just completely broken.
> While the full amount of the penalty against Meta, based on thousands of violations of state law, was calculated as $219bn, Judge Mathew reduced the penalty to the $25bn fine.
umm when a thief steals and gets caught, we don't just punish them. We also recover what was stolen.
They should also be made to delete all user data collected during the period, and pause similar data collection for x months/years even the ones that fall under their service terms. The price of wrong doing should be high, and for meta deleting historical user data is the highest form of punishment .
Otherwise it's just cost of business.
It’s crazy how these criminals can get away with it just by paying money. Sure, $25B isn’t peanuts, but this money shouldn’t have belonged to companies like Meta to begin with.
New Mexico DOJ release: https://nmdoj.gov/press-release/the-new-mexico-department-of...
The Cambridge Analytica "scandal" is basically an advertising campaign for Meta itself. Their ad platform worked exactly as designed: it allowed creepy, microtargeted advertisements. Instead of dish soap, peptides, and dropshipped garbage, it sold a political candidate.
Much worse is how Meta enabled a genocide in Myanmar.
How much is Cambridge Analytica going to have to pay? I'm all for ramming Meta, but I feel like they should be forced to pay the same amount.
Diseconomies of scale.
If they actually pay $25B, I'll eat my hat. Hell, I might even eat two of my hats
The original fine was much higher. This is closer to Meta’s hopes than the peoples.
Previously when the EU has ordered US companies to pay penalties of a "few billion EUR" for trade abuse there has typically been a lot of jingoistic outrage here. This one will be interesting to watch.
So apropos of nothing remember when Zuck bought a castle rather than spend that money on any sort of Facebook account support?
i hate that zuck has his ad empire funding all sort of stupid shit. Nothing can even touch him as long as ad dollars keep flowing.
why are ads so so sucessful on meta platform. i hate it so much.
Jury based punitive damages are constantly overturned because they are not legal experts and don't understand anything.
Anyone who thinks Meta will actually pay this amount have no clue what they're talking about.
We need tort reform in the US. These nuclear verdicts are causing insurance prices to go up. I forget the statistics, but I'm pretty sure every American citizen is paying a $500 to multi-thousand dollar tax because of giant lawsuits like this. Nowhere else in the world has this problem. Lawyers have too much power with politicians.