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samename 2 days ago

What reckoning? The settlement benefits Meta immensely. They just got the go ahead to implement age-gating at a wide scale, which will make their ad platform even more lucrative after each account can be tied back to a real identifiable person. They've totally captured the regulatory system, and the media is applauding it.

A_D_E_P_T 2 days ago | parent | next [-]

It was a clear win for Meta.

> https://www.theguardian.com/commentisfree/2026/aug/27/meta-s...

> That $18bn is certainly more than most companies could pay, but it pales in comparison with the $1.5tn Meta’s own PR team warned the case could cost it had it gone through the courts – and the more realistic $200bn the prosecuting lawyers sought to squeeze from the firm.

The consensus opinion was that the case would have cost them a lot more if it hadn't settled. Truly, the outcome couldn't have been more favorable to Meta. "Reckoning" -- yeah, right.

JuniperMesos 2 days ago | parent | prev | next [-]

Meta's stock price went up on the news, which I took to be a sign of the settlement costing less than investors feared it would when they previously priced meta stock. I didn't think about the regulatory capture angle.

paulpauper 2 days ago | parent [-]

META makes so much money that this is immaterial. It's insane how profitable this company is

alex1138 2 days ago | parent [-]

And yet the vast majority of it is fraud

tzs 2 days ago | parent | prev | next [-]

> What reckoning? The settlement benefits Meta immensely.

This was one lawsuit. It settled their immediate legal problems with the 47 states and DC that were included in the settlement.

Florida is continuing with its own case against them, and there are also thousands of other pending cases from individuals (89%) and governments below the state level such as school districts (11%).

The present settlement does include an admission of guilt so the plaintiffs in those other suits so there plaintiffs will also have to prove guilt, put they can use a massive amount of material that the states put together in their case.

They can use anything that was presented in open court.

They can also get copies of all the internal Meta information that the state Attorney Generals got via discovery, even if those documents were never presented in open court. They may have to keep them confidential and so can't use them in open court, but they can use them to build their case and depose Meta executives about them.

All in all, the plaintiffs in thousands of pending cases have just been handed a multi-million page trove of evidence put together using the enormous resources of 47 states designed to nail Meta.

echelon 2 days ago | parent | prev | next [-]

This is the correct read.

Meta is pushing forward every measure it can to record precise identity, age, and income with everything that you do.

They're the ones behind the push for internet porn ID laws.

They're the ones behind the push for device attestation.

They're the ones behind the push for social media ID requirements.

They make more money, we lose freedom and privacy and sleep closer and closer to 1984.

One day the state will punish us for our ideas and associations. They already do to an extent, but it's going to get unbearable once the machinery is in place.

Democrats, Republicans, Socialists, Christians, Jews, Muslims, Atheists - everyone should oppose this.

tzs 2 days ago | parent [-]

> Meta is pushing forward every measure it can to record precise identity, age, and income with everything that you do.

According to numerous comments in all the threads we've ever had on California's age verification law and the similar laws in a few other states, which move verification client side and do not provide any precise information to the server side, Meta is behind those bills because it wants to not have to store that data.

From what I've been able to tell from various searches, those people seem to be correct, although there seems to be a lot of exaggeration of the amount of money Meta put in to the effort. People seem to often mistake Meta's total lobbying spend in a state for the spending on just that one bill.

Until losing this lawsuit Meta lobbied against the bills that required them to do the work.

Note: I did not recurse into references to reach primary sources so I'm not sure how accurate the sites I found were.

cyanydeez 2 days ago | parent | prev [-]

The age gate isnt about ad revenue. Its about liability and in the grift economy, the victim is always liable.

You posit a useless POV