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Comment on Meta ordered to pay $25 billion to New Mexico after jury finds company misled consumers about data privacy

halcyoncmdr@piefed.social ⁨10⁩ ⁨hours⁩ ago

This is just New Mexico

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.

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Steve@communick.news ⁨9⁩ ⁨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.

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- halcyoncmdr@piefed.social ⁨9⁩ ⁨hours⁩ ago
  
  I merely wanted to put it in perspective. It’s not small amount relative to the number people it represents.
  
  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’s not small amount relative to the number people it represents.
  
  It only looks like it’s not a small amount simply because the numbers at the scale companies like Meta operate at are outrageous.
  
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  - Steve@communick.news ⁨3⁩ ⁨hours⁩ ago
    $12K per person?
    $500 per violation?
    Those are absolutely deterrent numbers!
    How much do you think they make with each violation?
    These are inline advertising numbers were talking about here. They probably don’t make $5 violation.
    
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