Comment Re:Not even close to justice (Score 3, Interesting) 35
Yes, but also, this is huge. People love to make these "well it's just the cost of doing business" comments so much that I don't think they really think about the individual case much. This is unprecedented, these legal rulings are in fact an existential threat to Meta. Zuck does not see this as a slap on the wrist. He's stupid, but he's not that stupid. They may be the first big tech company to literally go out of business, and it may be to legal damages.
New Mexico only has a population of just over two million people.
This is approximately $400 per person, a bit over.
Scale this nationally to just the US, and it's well over a trillion dollars. Meta's market cap, let alone their revenue, is about 1.5 trillion. Even half of that potential fine, from just the US, would more or less end them. If just Europe and Canada got in on the game, they are utterly destroyed several times over.
So yeah, you can argue that the rest of the world hasn't caught up yet, but this is a pretty wild ruling. Other states will certainly line up fast to do the same, states like money.