The jury also found Facebook misled the public about investigations into third-party app developers that harvest user data following the Cambridge Analytica scandal.
$200 billion isn’t a slap on the wrist, it’s a real punishment. Facebook can’t just cut a check and continue on, they’re going to have to make hard choices if they are made to pay up. Florida alone could still drain the company dry on this case, but more importantly it sets a precedent
Since we don’t have a functioning system of corporate punishment, it’s all case law. I’m sure Facebook is going to fight it with everything they have, so it’s not nearly over… But if this goes through anyways? That could change things
Like I said, this is huge, if it goes through
$200 billion isn’t a slap on the wrist, it’s a real punishment. Facebook can’t just cut a check and continue on, they’re going to have to make hard choices if they are made to pay up. Florida alone could still drain the company dry on this case, but more importantly it sets a precedent
Since we don’t have a functioning system of corporate punishment, it’s all case law. I’m sure Facebook is going to fight it with everything they have, so it’s not nearly over… But if this goes through anyways? That could change things