cross-posted from: https://lemmy.world/post/49222005
Classic move ;)
Meta Buried Research Linking Instagram To Teen Harm While Facing $1.4 Trillion Penalty That Could Erase Its Entire Worth
https://www.ibtimes.co.uk/meta-faces-unprecedented-penalty-over-young-users-1807609
11 Comments
SGGeorwell@lemmy.world · 34 pts · 67d
Basically we’ve transferred whatever joy there was in youth into hella cash for one insufferable asshole. All the joy of youth - vanished - for the enrichment of the Zuckerfuck. It’s a tragic species to be a part of most days.
stoly@lemmy.world · 5 pts · 67d
and what makes it even sadder is that he literally stole facebook from the creators
StillAlive@piefed.world · 33 pts · 67d
USA won't do it because they're pussies and Donald Trump is the biggest pussy of them all.
toohotforsoup@lemmy.world · 3 pts · 66d
How are the board of meta so bad at this? Fire Zuckerberg already and get your company in order.
idiomaddict@lemmy.world · 3 pts · 67d
It would still be worth around a hundred billion dollars though (unclear how much rounding is involved, but it should be at least $50B)
P00ptart@lemmy.world · 3 pts · 67d
Would that be enough to rebuild? That's pretty low for a company that big.
idiomaddict@lemmy.world · 9 pts · 67d
I’m no expert, but they have three huge streams of income, and if they sell one off, they’ll probably be able to demand a very high price.
It would be great to have some separation among Facebook, instagram, and WhatsApp, but I don’t think we’d be rid of meta as a player entirely.
P00ptart@lemmy.world · 3 pts · 67d
Damn, I didn't realize whatsapp made that much money.
We need a couple more states in on it.
Typotyper@sh.itjust.works · 5 pts · 67d
https://resourcera.com/data/social/whatsapp-revenue/
P00ptart@lemmy.world · 2 pts · 67d
Holy shit! I had no idea!
Typotyper@sh.itjust.works · 2 pts · 67d
From texting accounts. Makes you wonder