Meta settles social media addiction case with California, other states for $16.7 billion (www.cnbc.com)

submitted 1 day ago by schnurrito@discuss.tchncs.de to c/legalnews@lemmy.zip

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[-] TheJesusaurus@piefed.ca 4 points 1 day ago

What's that as a % of their revenue over the life of the business? Less than a tenth of 1%?

[-] BrikoX@lemmy.zip 1 points 1 day ago* (last edited 12 hours ago)

Well, these same prosecutors calculated the damage caused by Meta at $1.4 trillion. So this is a pure loss not a win it's presented as. No wonder their stock price rose after the news dropped.

this post was submitted on 26 Aug 2026

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