Meta has been fined (again) for privacy violations (again).
Meta has been accused of exposing Instagram and Facebook passwords of up to 600 million users by storing them incorrectly, leaving them accessible to over 20,000 Meta employees.
This is kind of not great, is it?
As a result, Meta received a $101 billion fine, which sounds like a lot but it isn’t.
Meta is worth $1.64 trillion at the time of writing, and has a revenue of $135 billion per year.
So fining them $135 billion is the same as giving somebody who earns $2,000 a month a $18 fine.
Annoying, but it won’t change anything.
bitcoinea 
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