“Facebook’s wrongdoing — over the course of years and systematically broadcast to the public — goes to the heart of Facebook’s core business practices,” Judge Francis Mathew wrote.
I merely wanted to put it in perspective. It’s not small amount relative to the number people it represents.
More than 43 million violations of the New Mexico consumer protection law… $25 Billion fine. That’s only about about $500 per violation. Out of a $5,000 maximum, per violation. There are roughly 2.1 Million people in New Mexico… so at most that’s $12k per person.
Do we really think that $12k is a deterrent for a company like Meta?
It’s not small amount relative to the number people it represents.
It only looks like it’s not a small amount simply because the numbers at the scale companies like Meta operate at are outrageous.
$12K per person?
$500 per violation?
Those are absolutely deterrent numbers!
How much do you think they make with each violation?
These are online advertising numbers were talking about here. They probably don’t make even an extra $5 for each violation.
Not too long ago a study was done calculating how much Google makes from various users. US users were worth a few hundred a year. The most valuable were worth roughly $1200 per year. So yah those are massive per user and per violation fines; Absolutely deterrent level.
More than 43 million violations of the New Mexico consumer protection law… $25 Billion fine. That’s only about about $500 per violation. Out of a $5,000 maximum, per violation. There are roughly 2.1 Million people in New Mexico… so at most that’s $12k per person.
Do we really think that $12k is a deterrent for a company like Meta?
It only looks like it’s not a small amount simply because the numbers at the scale companies like Meta operate at are outrageous.
$12K per person?
$500 per violation?
Those are absolutely deterrent numbers!
How much do you think they make with each violation?
These are online advertising numbers were talking about here. They probably don’t make even an extra $5 for each violation.
Not too long ago a study was done calculating how much Google makes from various users. US users were worth a few hundred a year. The most valuable were worth roughly $1200 per year. So yah those are massive per user and per violation fines; Absolutely deterrent level.