This is really bad for Meta.
Where are you seeing that?
The article says:
> Jurors found there were thousands of violations, each counting separately toward a penalty of $375 million. That’s less than one-fifth of what prosecutors were seeking.
> Meta is valued at about $1.5 trillion and the company’s stock was up 5% in early after-hours trading following the verdict, a signal that shareholders were shrugging off the news.
> Juror Linda Payton, 38, said the jury reached a compromise on the estimated number of teenagers affected by Meta’s platforms, while opting for the maximum penalty per violation. With a maximum $5,000 penalty for each violation, she said she thought each child was worth the maximum amount.
they did $200 billion in revenue and $60 billion in net income last year.
a $3 billion fine would be barely more than a slap on the wrist.
$3m is nothing. 10% of global revenues (not profits) for each year in which this occurred would be something that might actually make them think twice about breaking the law and harming people for money.
