| ▲ | paxy an hour ago | |
The class action was private, not initiated by states. There were 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 hand out such crazy rulings all the time (why wouldn’t they?) and it is always struck down or massively reduced by a higher court. | ||