posted in Technology
Meta agrees to pay up to $17.1bn to settle claims its platforms harm children
Additional link from another source
politico.com/…/meta-kids-safety-features-settleme…
www.bbc.co.uk/news/articles/cd68q3wynnqo
BBC NewsMeta agrees to pay up to $17.1bn to settle social media caseThe deal has been reached during a California federal court trial over claims brought by 29 states.“up to” over 10 years, which means they’ll pay 1.8B this year, a massive 3% of annual income, for now and find a way to get out of this before the decade is up
And no user will see a nickel
Where does the money go? Tax revenue?
35% to the lawyers
15% to court, state, lawyer administrative costs
40% to Governor’s cousin’s LLC established since last Tuesday specializing in child online safety issues according to their website which goes on to read “would you like me to create promotional flyers and other materials in addition to the website”?
15% nobody can trace where it went - but did you know BOYS are playing GIRL sports?!
25% to a program that passively encourages risky online behavior
20% to pro-business tax breaks
That’s right taxpayer, you’re gonna need to chip in for the extra 50%.