Filed in 2021. That’s such a long timeframe, makes me wonder if inflation is priced in. If they appeal for three years, will it be inflation adjusted or be increased by central interest rates?
I don’t think that is particularly unusual for a lawsuit. And I don’t know about there, but in the US, they have to pay interest on judgments until it’s paid. In some cases (I don’t know when), you have to put the money in escrow before you can appeal a verdict.
Ho now that’s a fine! Let’s give our more fines that start with B!
It will get reduced. It was already reduced from $219 billion to $25 billion. It will get cut down or thrown out in appeal, but even if it was $25 billion, they made way more than that in profit specifically due to misleading people on privacy all these years. And this won’t stop them from doing it in the future, it’s just a cost of doing business for these companies not anything that’s enough to change behavior.
This is just New Mexico
It would be nearly $12K per person.That rate nationally, would be $3.8T!
This is just New Mexico
Sorry to break it to you, but only Florida can still fine them for this Cambridge Analytica issue.
The other 48 States were part of a single lawsuit that already settled for $17 Billion. Total, not per-State, for all 48 of them as a group.
So it’s up to Floridaman lawyers to actually get a real punishment. Unlikely.
I didn’t mean to imply this amount would be applied nationally. I merely wanted to put it in perspective. It’s not small amount relative to the number people it represents.
And no living creature can abide that kind of penalty - it’s inhuman. Which is why the whole judgement must be thrown out as cruel and unusual punishment that violates the 8th amendment to the US constitution. Remember - corporations are people, too. 🥺
no living creature can abide […] corporations are people
Finally a high number
