It will get reduced. It was already reduced from $219 billion to $25 billion. It will get cut down or thrown out in appeal, but even if it was $25 billion, they made way more than that in profit specifically due to misleading people on privacy all these years. And this won’t stop them from doing it in the future, it’s just a cost of doing business for these companies not anything that’s enough to change behavior.
Steve@communick.news 16 hours ago
This is just New Mexico
I’d be quite suprised if they made that much from New Mexico. It would be nearly $12k per person.
Overzeetop@beehaw.org 16 hours ago
And no living creature can abide that kind of penalty - it’s inhuman. Which is why the whole judgement must be thrown out as cruel and unusual punishment that violates the 8th amendment to the US constitution. Remember - corporations are people, too. 🥺
Steve@communick.news 15 hours ago
halcyoncmdr@piefed.social 10 hours ago
Sorry to break it to you, but only Florida can still fine them for this Cambridge Analytica issue.
The other 48 States were part of a single lawsuit that already settled for $17 Billion. Total, not per-State, for all 48 of them as a group.
So it’s up to Floridaman lawyers to actually get a real punishment. Unlikely.
Steve@communick.news 8 hours ago
I didn’t mean to imply this amount would be applied nationally. I merely wanted to put it in perspective. It’s not small amount relative to the number people it represents.
halcyoncmdr@piefed.social 8 hours ago
More than 43 million violations of the New Mexico consumer protection law… $25 Billion fine. That’s only about about $500 per violation. Out of a $5,000 maximum, per violation. There are roughly 2.1 Million people in New Mexico… so at most that’s $12k per person.
Do we really think that $12k is a deterrent for a company like Meta?
It only looks like it’s not a small amount simply because the numbers at the scale companies like Meta operate at are outrageous.