Meta’s revenue is in the tens of billions. This fine isn’t even a rounding error for them. This isn’t something that should be taken so lightly.
Yeah that was just a cost of business. Zuck probably pulled that from under his couch.
This is like when Dr Evil asks for $1 million dollars after being unfrozen. These courts need to get with the times.
Should be like GDPR fines: 4% of your annual global revenue.
Edit: just read “It has so far fined Meta a total of 2.5 billion euros for breaches under the bloc’s General Data Protection Regulation’s (GDPR), introduced in 2018, including a record 1.2 billion euro fine in 2023 that Meta is appealing”
Wow, Meta really likes donating to the EU
Removed by mod
102 million is a major fine.
102 million is a major fine for you. For meta that’s less than 1% of their last quarter (which was 13 billion net income).
If you make $50k/yr after taxes, the equivalent fine would be on the order of about $120.
Where I’m from, that’s a speeding ticket.
Wow you have very forgiving traffic laws where you’re from. $190 for rolling through a stop sign here.
I’ve been told we have state senators who openly claim to only be there to keep speeding tickets low.
That’s not an entirely accurate representation, because after taxes you still use that money for housing and food and transportation etc. In business terms that 50k would still contain operating costs. So that $120 might still seem a lot.
That 50k a year should be extra money, the money left in your pocket after taxes, housing, groceries, other necessities and debts are paid off. That would give an accurate representation of how insignificant a $120 ticket would be.
That’s the thing, though. I computed from the claimed figure above of 13 billion net income. The costs are already accounted for.
And thats is all this is, it isnt for war profiteering it is for poor practices, sure it could be more but people really lose sight of things when it comes to fining these companies.
The fines for targetting children with damaging content or promoting harmful posts should be way more than this and than they are but this isnt an action they directly profitted from it was a lazy and harmful missing of the required mark.
Im not this invested in defending meta but 102 million is a lot for one country to fine one company. Ireland fined the company nearly 1% of their global net for one issue.
You’re so totally wrong. Storing passwords in plaintext is such a dangerous, obviously wrong mistake that it can only be considered wanton disregard for the safety and the security of your users, and it should carry the equivalent of a life-in-prison sentence for the corporation which breaks that rule. Not only should the company be completely fucking destroyed over this but the CEO should be criminally liable.
The legal system does not take corporate crimes seriously at all. Perhaps it’s time to take justice into our own hands.
It is absolutely not, but I understand it’s easy to lose sense of scale when you go into billions territory.
Not for a company with 120 Billion profits.
Quick math: this is only 0.076% of their 2023’s revenue. No wonder big corporations don’t give a fuck about fines and will continue doing fucked up/illegal shit. This is not a fine, this is a green light, my friends.
They literally just consider fines as a cost of doing business.
Jesus, why not fine them 5 bucks?
What a joke.
And these are the people who demand id to get back into your account if they find activity they deem suspicious.
Yep, had basically a throw away account for the occasional thing that basically required a Facebook account, and then I guess because I never posted anything they locked my account and demanded ID. Hell no.
Meta: The company whose products you use when you absolutely, positively, don’t give a shit that they are the worst example of the worst nightmare of a consumer-hostile, privacy-invading, you-are-the-product, tech company. Yes, even worse than Microsoft.
If it’s free, you are the product.
I haven’t paid for Lemmy yet. Well, other than volunteer time.
I guess if we want something where we’re not the product, we have to build it ourselves.
What makes you so sure that the person hosting your instance isn’t monetizing it or trying to find a way to monetize it in the background?
Maybe they’re selling all these posts and DMs to OpenAI?
Lemmy.world is a registered non-profit organization. https://fedihosting.foundation/about-us/
It’s easy enough to use the API to scrape the site and use all the posts and DMs for free. It’d be odd for OpenAI to pay for it.
Please do recognize that anything you post publicly IS public, whether that’s Facebook or here. The lack of an API isn’t going to stop places from scraping your data off of Facebook or Reddit either.
Your DMs here are explicitly public. That’s part of the federation between servers. If you want truly private DMs, there are options for that.
I suppose I should mention for full disclosure that I’m part of the (unpaid) staff here representing the Lemmy.World Community Team.
Not that I DMd people, but I don’t think I knew that, so that’s good to know.
But also don’t mistake a not for profit as not being able to do something to aquire money to help pay for itself or the salaries of it’s people. They could absolutely be looking for ways to monetize this to a certain extent. A not for profit is not a charity.
I’d recommend Signal for truly private messaging. I’ve heard things about Matrix, and the warning mentions Element.io, nether of which I’m personally familiar with.
Oh, well that’s a great warning. Glad they put that there.
And ya I already use signal.
They don’t need to sell access… It’s free. Assume anything you post here is getting sniffed up by everyone.
17 cents apiece
Hold on, let me dig around for my surprised face
Whoa, better make sure all my pwds are in keepass! Didn’t know the fines were so hefty for that.
eehw, Facebook
