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smuhakgtoday at 5:36 PM3 repliesview on HN

It's a $3 million verdict in compensatory damages. Even if reduced on appeal, that's a lot of money.

This is really bad for Meta.


Replies

dotancohentoday at 5:40 PM

Meta has a net profit over $140 million _per day_. $3 million is absolutely nothing to them.

chimeracodertoday at 5:39 PM

> It's a $3 million verdict in compensatory damages. Even if reduced on appeal, that's a lot of money.

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.

john_strinlaitoday at 5:40 PM

how many minutes of revenue is that?

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.

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