“Accountability” in the form of a fee that’s a drop in the bucket. For a company that makes $100-200B annually, fines in the order of magnitude of $375M and $6M are hardly a slap on the wrist. They’ve raked in hundreds of billions over a decade. The company has around a $1.5 Trillion valuation. The fines should be in the order of billions at minimum.
This is not accountability, it’s the cost of doing business.
PaddleMonkey on
I’ll never forget that quote from Zuckerberg.
“They trust me … dumb f**ks.”
schlamster on
“Articles that want you to believe accountability has arrived have arrived”
Wait. What?!? What do you mean all of the companies still have all of their lucrative contracts and monopolies? What do you mean their founders like Zuck have de facto complete and total criminal and civil immunity??
There’s no fucking accountability.
Somebody who disagrees with me – show me ONE single accountability. Show me something done or pending that will actually hurt one of these billionaires or their companies in a material way.
How many billionaires are in a US prison at the moment?
How many companies that have meticulously and purposefully broken the law have been faced with disabling fines?
OH, ZERO? OK. Got it.
LiteratureMindless71 on
Gotta keep propping up those companies that will run the world soon….. Gawd I hate this fucking timeline.
Few_Fish8771 on
The real damage will be in countries with functioning court systems where governments dont effectively have a strong police state, so most of europe, latin america and a good portion of east asia and new zealand and australia.
Legal systems effectiveness are directionally proportional to how much they depend on decentralized creative work knowledge work and trade, and to how much fear a government ruling class or enforcer class have of their subjects.
In countries with functioning legal systems big tech is going to likely face escalating fines and eventually theyll de facto not necessarily get kicked out but have high taxes high regulation limited market penetration very limited if at all ip rights and almost no influence over their governments.
Thats the real fallout, mostly losing the global market, and having people in the local market increasing join open source alternatives or use foreign services.
VVrayth on
I’ll believe this matters when they have to start paying a hefty percentage of profits and *net worth*, not whatever slap on the wrist fine this is.
Real “accountability” would be digging into Mark Zuckerberg’s personal fortune.
SomeSamples on
I won’t be satisfied until Zuck and the whole board of Meta are in prison.
CoverDry3019 on
Having to pay $6m for designing products that addictive is cute. As if it would hurt them.
kuuups on
The amount of defeatist comments here is insane. Is it a measly drop in a bucket in reference to their earnings? For sure. Can we expect massive change in a short amount of time? Hell no.
Remember: these billionaires clawed their way upwards to where they are now step by step, sweeping shit under the rug and making deals meticulously one at a time, every single day since inception.
They didnt just suddenly pop up from nowhere and become untouchable.
Accountability will need consistent scrutiny, and chipping off of their armor bit by bit until the damage is big enough that the most important part of this fight is shone upon: perception. Perception that the “services” they provide are actually detrimental, and should be burned to the ground.
9 Comments
“Accountability” in the form of a fee that’s a drop in the bucket. For a company that makes $100-200B annually, fines in the order of magnitude of $375M and $6M are hardly a slap on the wrist. They’ve raked in hundreds of billions over a decade. The company has around a $1.5 Trillion valuation. The fines should be in the order of billions at minimum.
This is not accountability, it’s the cost of doing business.
I’ll never forget that quote from Zuckerberg.
“They trust me … dumb f**ks.”
“Articles that want you to believe accountability has arrived have arrived”
Wait. What?!? What do you mean all of the companies still have all of their lucrative contracts and monopolies? What do you mean their founders like Zuck have de facto complete and total criminal and civil immunity??
There’s no fucking accountability.
Somebody who disagrees with me – show me ONE single accountability. Show me something done or pending that will actually hurt one of these billionaires or their companies in a material way.
How many billionaires are in a US prison at the moment?
How many companies that have meticulously and purposefully broken the law have been faced with disabling fines?
OH, ZERO? OK. Got it.
Gotta keep propping up those companies that will run the world soon….. Gawd I hate this fucking timeline.
The real damage will be in countries with functioning court systems where governments dont effectively have a strong police state, so most of europe, latin america and a good portion of east asia and new zealand and australia.
Legal systems effectiveness are directionally proportional to how much they depend on decentralized creative work knowledge work and trade, and to how much fear a government ruling class or enforcer class have of their subjects.
In countries with functioning legal systems big tech is going to likely face escalating fines and eventually theyll de facto not necessarily get kicked out but have high taxes high regulation limited market penetration very limited if at all ip rights and almost no influence over their governments.
Thats the real fallout, mostly losing the global market, and having people in the local market increasing join open source alternatives or use foreign services.
I’ll believe this matters when they have to start paying a hefty percentage of profits and *net worth*, not whatever slap on the wrist fine this is.
Real “accountability” would be digging into Mark Zuckerberg’s personal fortune.
I won’t be satisfied until Zuck and the whole board of Meta are in prison.
Having to pay $6m for designing products that addictive is cute. As if it would hurt them.
The amount of defeatist comments here is insane. Is it a measly drop in a bucket in reference to their earnings? For sure. Can we expect massive change in a short amount of time? Hell no.
Remember: these billionaires clawed their way upwards to where they are now step by step, sweeping shit under the rug and making deals meticulously one at a time, every single day since inception.
They didnt just suddenly pop up from nowhere and become untouchable.
Accountability will need consistent scrutiny, and chipping off of their armor bit by bit until the damage is big enough that the most important part of this fight is shone upon: perception. Perception that the “services” they provide are actually detrimental, and should be burned to the ground.