The Facebook and Instagram owner, which denies wrongdoing, says the agreement builds on its "longstanding efforts to empower parents and support teens".
Meta: “There’s no problem.” Also Meta after getting sued: “Here are the safety changes everyone should adopt.” 😆
They’re paying a fine
Are they even implementing safety measures? Doubt it.
How much is 18bn of their 200 bn yearly revenue? 9%. That’s not bad.
Except it’s not actually 18bn. It’s 18bn to be paid over 10 years, 1,8bn/year. Which makes it less than 1% of the yearly revenue.
I’m not sure what you’re arguing against.
One could argue that the fine is merely the cost of doing business given the way it’s structured and what it actually costs the company.
ie. That fine should arguably be significantly higher to have any substantial effect on the company’s behaviour.
Not everything is an argument online ;)
Just pointing out that it’s actually a good percentage for once. But then realising it’s tiny per year, due to the way it’s layed out.