New Mexico decided to go it alone and gets $25 billion.
Great timing for the AG who’s up for reelection on November 3 (even though it was the previous AG who made the call).
New Mexico decided to go it alone and gets $25 billion.
Great timing for the AG who’s up for reelection on November 3 (even though it was the previous AG who made the call).
There have been many different lawsuits and fines over Cambridge Analytica.
$50 million settlement with California.
$100 million to SEC for misleading investors.
$5 billion in FTC fines.
Many different international fines.
$725 million in a private class action lawsuit.
$17 billion in a multi-state child and teen safety lawsuit, part of which is earmarked for Cambridge Analytica claims.
(You are probably confusing the last two).
Importantly all of these were paid. This $25 billion one is still just a press release. Local juries issue such crazy rulings all the time (why wouldn’t they, they have nothing to lose) and it is always struck down or massively reduced by a higher court.
No because that's still subject to appeal, unlike the settlement. "a bird in hand is worth two in the bush", etc.
Like, yeah, you have a point in the abstract, but barring any actual supportive facts, it doesn't seem like a good point.
https://kieferandkiefer.com/understanding-how-jury-verdicts-...
https://www.rand.org/content/dam/rand/pubs/reports/2006/R331...
Also, a paper from RAND from 1987? Are you for real?
Genuinely curious and interested in learning!
> The jury concluded that Meta had more than 43 million violations of the state’s unfair practices act, with each transgression carrying a civil penalty as high as $5,000.
Note that this is like, 20 violations per resident of New Mexico. And also ~50% of Facebook's total revenue (more than 100% of income) at the time of the CA scandal.
The judge assigned penalties below the statutory maximum, but maximums are rarely assigned and both the number of counts and ultimate number the judge came up with are all dubious.
> Not sure what you think you're adding to this discussion.
Well, aren't you abrasive. What do you think you were adding here https://news.ycombinator.com/item?id=50187613? It's either not responsive to the grandparent comment or needed rebutting. I rebutted, under the generous assumption your comment was responsive.
The jury found the violations were willful, that's why they were assessed at the statutory maximum. Do you have any support for your allegation that the judge's counts were dubious.
>Well, aren't you abrasive. What do you think you were adding here https://news.ycombinator.com/item?id=50187613? It's either not responsive to the grandparent comment or needed rebutting. I rebutted, under the generous assumption your comment was responsive.
Correcting the misnomer that the judgment was overturnable on the basis that it was found by a jury, when it wasn't. Genuinely surprised you don't see the connection there.
>It's either not responsive to the grandparent comment or needed rebutting. I rebutted, under the generous assumption your comment was responsive.
Yeah I'm sticking with my position, thanks.
[1] https://www.cbsnews.com/baltimore/news/baltimore-city-reache...
I highly doubt that New Mexico will get 25. Although it would be nice since I live in New Mexico.