Comment Plutocrats always get a slap on wrist (Score 2) 55
Meta has internally acknowledged that regulatory fines for scam ads are certain, and anticipates penalties of up to $1 billion...But those fines would be much smaller than Meta's revenue from scam ads, a separate document from November 2024 states. Every six months, Meta earns $3.5 billion from just the portion of scam ads
The fines should greatly multiply per infraction. For example first infraction would be 1b according to this. So the second should be say 10b, the third 100b, etc. And the first infraction requires them to be under more scrutiny, which they are to compensate the gov't for.