I remember long ago, you could fully hide your profile from ANY type of search. Now you cannot. I also remember long before they started scanning your face, they added an opt-out checkbox, I'm pretty sure this disappeared for a long time. You know that feature where they'd auto-suggest who to tag? Yea, you could bar them from using your face for that, now Facebook has taken a steaming pile of... on your privacy at levels I've never seen them pull before.
binarymax 7 minutes ago [-]
12% of annual revenue (~200M for 2025). Not a small amount.
jeanloolz 9 minutes ago [-]
25B is not a small fine. Finally an amount that should make them think twice their harming decisions
mentalgear 4 minutes ago [-]
A good start, yet still far from enough - as long as the punishments are not equal to their revenues generating by these illegal methods , big corporations will never stop exploiting society because to them those fines are just 'the cost of doing business'.
akulbe 8 minutes ago [-]
That's just New Mexico. I wonder when will the other states step up, and hit them with more fines?
usefulcat 4 minutes ago [-]
Can they appeal it?
hawk_ 21 minutes ago [-]
Stock seems to have shot up ~7% aftermarket so just cost of business.
paxy 37 seconds ago [-]
Escaping litigation with a fine is always a good outcome, no matter how large. Stock will drop the day governments start regulating these companies and/or breaking them up.
minraws 16 minutes ago [-]
They beat revenue expectations, and earnings per share was ok, and they guided for even higher revenue next quarter above estimates ofc.
Somehow Meta is making money despite starting to loose DAUs now. So honestly I don't quite understand what's what, also most of the big income is from Ads and biggest Ads spenders are startups and companies heavily dependent on VCs and AI... So it's definitely somewhat circular, and Ads is the most recession affected business so a down turn in markets will cycle through it.
But ngl if all the earnings are this ok then hyperscalers stock might not crash this quarter, well then again I didn't think they would but a person could dream.
I am quite bullish on AI, but would prefer the fluff to get out of the way asap, otherwise don't want it to happen at a bad time, and too many people get caught pants down.
Forgeties79 13 minutes ago [-]
Hell didn’t they stop even reporting DAU’s?
Aurornis 10 minutes ago [-]
[dead]
ThouYS 23 minutes ago [-]
finally some proper penalty OOMs
ArcHound 1 hours ago [-]
This seems to be a consequence of the Cambridge Analytica. Could it be that we'll see some consequences?
Who predicted it would be New Mexico defending the children of the US while seemingly every other state in the country is bought and paid for by pro surveillance capitalism lobbies?
Hopefully those corrupt politicians are paying attention to the NM model and realize they can get more money by beating all the cash out of Meta like a pinata and then regulate the entire industry like casinos and tobacco, with super high taxes and exclusive for really stupid consenting adults only.
Rendered at 21:04:37 GMT+0000 (Coordinated Universal Time) with Vercel.
Somehow Meta is making money despite starting to loose DAUs now. So honestly I don't quite understand what's what, also most of the big income is from Ads and biggest Ads spenders are startups and companies heavily dependent on VCs and AI... So it's definitely somewhat circular, and Ads is the most recession affected business so a down turn in markets will cycle through it.
But ngl if all the earnings are this ok then hyperscalers stock might not crash this quarter, well then again I didn't think they would but a person could dream.
I am quite bullish on AI, but would prefer the fluff to get out of the way asap, otherwise don't want it to happen at a bad time, and too many people get caught pants down.
Hopefully those corrupt politicians are paying attention to the NM model and realize they can get more money by beating all the cash out of Meta like a pinata and then regulate the entire industry like casinos and tobacco, with super high taxes and exclusive for really stupid consenting adults only.