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Meta Settles Lawsuit for $17 Billion

Power Pop 23

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Investors prefer certainty and the share price of Meta is virtually unchanged.

I don't trust the titans of technology.
I don't know anyone who does trust them. But they hold an outsized amount of power and influence, unfortunately.
 
I don't know how it works in the US for big tech, but no real change will happen until there is the possibility of corporate criminal liability.
In the UK, we certainly need a few water company bosses locked up and their assets seized.
 
I don't know how it works in the US for big tech, but no real change will happen until there is the possibility of corporate criminal liability.
In the UK, we certainly need a few water company bosses locked up and their assets seized.
People here are turning against AI, datacenters and Flock cameras. It seems bipartisan, too.
 
People here are turning against AI, datacenters and Flock cameras. It seems bipartisan, too.
yeah, same everywhere, but any regulation has to based on clear law - I don't like big SUVs from the cities blocking up our little Cornish lanes, but there are no laws, or by-laws to stop them, just as with AI, and datacentres, or Meta glasses - and any new law these days depends on feeding certain pockets.
 
yeah, same everywhere, but any regulation has to based on clear law - I don't like big SUVs from the cities blocking up our little Cornish lanes, but there are no laws, or by-laws to stop them, just as with AI, and datacentres, or Meta glasses - and any new law these days depends on feeding certain pockets.
Yes, and it doesn't help at all that the AI "boom" is fueling the stock market...for now. But most analysts foresee big trouble ahead.
 
I sense a new SoMe trend approaching:
--5 second Macro fistshot movies.

...and for once, I could easily picture yours truly as a trendsetter.
 
It was about a decade ago that Mark Zuckerberg embarked on a tour of states of America that he had not visited - to meet 'real folks'.

This tour led to speculation Mr. Zuckerberg was considering running for President of the USA in 2020 at age 36.



I encourage Mr. Zuckerberg to take another tour of America soon.
 
It was about a decade ago that Mark Zuckerberg embarked on a tour of states of America that he had not visited - to meet 'real folks'.

This tour led to speculation Mr. Zuckerberg was considering running for President of the USA in 2020 at age 36.



I encourage Mr. Zuckerberg to take another tour of America soon.
Lol! I never understood the adulation for that guy. He always seemed creepy.
 
Lol! I never understood the adulation for that guy. He always seemed creepy.
Nor the adulation of investors for a public company like Meta - where the relevant voting shares are structured such that Mr. Zuckerberg has absolute discretion in all decisions.
 
Unfortunately, executives at big corporations don't face significant accountability here in the US. I suspect the long term solution requires new laws to put executives in jail and seize their personal assets, plus fines on the business itself.

Right now execs are playing with investor money and do not face prosecution or personal liability for their decisions.
 
The way large corporations are structured, and the way investment in public companies works, nobody really feels responsible for, or empowered to prevent the corporation from doing evil things. Nobody but people like Zuck are in a position to enforce even the most basic ethics or human compassion. So naturally we get those things only inasmuch as it doesn't impact ad revenue or share price.

Which is why we have corporations that don't seem bothered that their products undermine democracy and shatter national unity around the world, and users are regularly driven to suicide by the product itself.

Criminal liability for various stakeholders could be a way out of this situation.

A cultural shift in which workers refuse to participate in unethical business practices as a rule could also help, but until we are able to stand up to employers without risking huge personal losses, I don't see that happening.

Confiscating investors' shares outright when a corporation is found to commit crimes and gross negligence would be an unimaginably effective way to fix this stuff, but I can only say I hope to live to see a legislature with the stones to put that through.
 
The way large corporations are structured, and the way investment in public companies works, nobody really feels responsible for, or empowered to prevent the corporation from doing evil things. Nobody but people like Zuck are in a position to enforce even the most basic ethics or human compassion. So naturally we get those things only inasmuch as it doesn't impact ad revenue or share price.

Which is why we have corporations that don't seem bothered that their products undermine democracy and shatter national unity around the world, and users are regularly driven to suicide by the product itself.

Criminal liability for various stakeholders could be a way out of this situation.

A cultural shift in which workers refuse to participate in unethical business practices as a rule could also help, but until we are able to stand up to employers without risking huge personal losses, I don't see that happening.

Confiscating investors' shares outright when a corporation is found to commit crimes and gross negligence would be an unimaginably effective way to fix this stuff, but I can only say I hope to live to see a legislature with the stones to put that through.
The current Supreme Court has made that scenario highly unlikely
 
17 billion is not enough....
 
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