cross-posted from: https://lemmy.world/post/49145461
Meta has been up to no good for a while - always?
Is $1.4 trillion a reasonable amount for these cases? Who knows.
Is it reasonable compensation for all the evil they’ve done? I’d argue yes.
It’s essentially their entire market capitalization as a penalty.
I may be reading this wrong, but that’s almost their entire net worth of $1.57T.
…good
Is it enough to hurt? If not then it’s not enough.
It might convince a lot of investors that the writing is on the wall and cause them to sell off and flee. That could cause a mid to long term collapse.
I don’t like if.
The world is made up mostly of if, so it’s better to make peace with it.
I mean, the entire company is valued at like $1.6T… So, yeah? That’s assuming the actual fines end up being at the headline amount though, which they never are.
“They’re good dogs, Bront”
