- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
cross-posted from: https://lemmy.world/post/54402994
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Actual article by Bloomberg.
what a terrible article.
A single $2 million settlement, reached with one teen, is a fraction of the $18 billion
1/10000 is certainly a fraction but that’s misleading use of language at best.
absolutely no mentions of how these payouts and potential liabilities compare to their profits over the relevant timeframes.
it constantly ends paragraphs with a leading thought and then drops it by the start of the next one.
just corposlop shit.
Gated, useless.
Bloomberg:
The world’s biggest social media companies have reached a dozen confidential settlements in recent months with teen plaintiffs over claims the platforms damaged their mental health. The payouts were secret, but Bloomberg Businessweek has learned that most ranged from $2 million to $2.5 million.
And in just the past two weeks, Meta Platforms Inc. agreed to pay two of these teens a combined $7 million, according to people familiar with the payments who didn’t want to be identified discussing confidential information.
Bloomberg says they settle to keep it out of court to avoid a admitting wrongdoing. And it’s with it to them at millions of dollars per claim.
Really interesting symbiosis with teens pocketing easy millions and far-too-rich social media corporations being more than willing to pay it to protect their profits.
If this is settlements, I don’t think settlements should be a thing. If someone did something sufficiently illegal, there should be a trial and shit.
Justice system is trash by design.
The only way to right a wrong is to have an individual private party, decide and pay out of pocket to make a legal attack against someone.
That’s horseshit.
this post was typed by state bar certified hands
