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Meta reaches $16.68 billion settlement over social media


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TaylorSwift

Meta Platforms, opens new tab agreed to pay a maximum $16.68 billion and make major changes to Facebook and Instagram to resolve claims by states across the U.S. that the company designed those platforms to addict children, ‌misled consumers about their safety and improperly collected children's personal data.

Meta will impose daily usage limits and restrict nighttime usage by children who use Facebook and Instagram, and enhance measures to prevent childrenfrom accessing age-restricted content. x

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RAMROD

Can't wait to get another $5-$10 on a cheque in my mailbox from them :ororomunroe:

And yes, I am not joking. I received a few from another settlements before. 

(ノ◕ヮ◕)ノ✧*:・゚ ˢᵖᵉᵉᵈ ᵃⁿᵈ ʷᵉⁱᵍʰᵗ (*´艸`*) ♡♡♡
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dynamite
4 minutes ago, RAMROD said:

Can't wait to get another $5-$10 on a cheque in my mailbox from them :ororomunroe:

And yes, I am not joking. I received a few from another settlements before. 

Why the hell didn't I? :neyde:

Like a poem said by a neydy in red
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Hydrangea

Their executives should receive a settlement from their necks into a basket 

Looking down at my $t loser misery
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iAmToton

From a potential $1.4 trillion exposure to a $16.68 billion settlement, Zuck knows how to haggle. 😏

In the end, I think accepting the settlement was beneficial. Going to trial and losing could have exposed Meta to a liability potentially comparable to its entire market capitalization.

Very demure, very mindful, very beneficial for the plaintiffs. 💅

Now they can start putting some money aside for the next wave of lawsuits, this time concerning the Meta Glasses. 😎
 

EAT THE RICH 🍽️

𝖂𝖊 𝖆𝖗𝖊 𝖒𝖔𝖓𝖘𝖙𝖊𝖗𝖘 𝖆𝖓𝖉 𝖒𝖔𝖓𝖘𝖙𝖊𝖗𝖘 𝖓𝖊𝖛𝖊𝖗 𝖉𝖎𝖊
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RAMROD
7 minutes ago, dynamite said:

Why the hell didn't I? :neyde:

They usually send e-mails to notice you beforehand, maybe you've missed it :oprah:

(ノ◕ヮ◕)ノ✧*:・゚ ˢᵖᵉᵉᵈ ᵃⁿᵈ ʷᵉⁱᵍʰᵗ (*´艸`*) ♡♡♡
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weed

times it by 10, that's like $1000 to them. 

Hate that they got off so easy

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gagzus

So basically the restrictions we got here in the UK earlier this year? 
 

I thought they wanted to remove algorithms and infinite scrolling? That would’ve changed social media for the better. Those are the actual addictive elements not the unrestricted access or content. 

Edited by gagzus
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