Meta to settle Cambridge Analytica case for $725M(reuters.com) |
Meta to settle Cambridge Analytica case for $725M(reuters.com) |
What an absolutely massive win for Meta, and an open invitation for them and others to reoffend in the future, for a fee that it minuscule compared to the potential profits gained from such practices.
Cambridge Analytica helped to change the political landscape of the West. For the people that profited with tax breaks, reduced environmental protection, increased Russian influence in the USA... $725M is just peanuts (if they even own Facebook shares). Meanwhile cheating is so profitable, cheating will continue or even increase.
Just as a comparison: Meta invests more than $10B annually on the Metaverse. Less than 10% of the money that they throw into the pit that is the Metaverse.