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Meta Buried Research Linking Instagram To Teen Harm While Facing $1.4 Trillion Penalty That Could Erase Its Entire Worth (www.ibtimes.co.uk)
submitted 3 months ago by to c/technology@lemmy.world
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cross-posted from: https://lemmy.world/post/49222005

Classic move ;)

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[–] 5 points 3 months ago (4 children)

Subsidies for what? Those fines are like 3/4 of their market cap, there's zero way to pay that and remain an existing company.

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  • [–] 5 points 3 months ago (2 children)

    ** The banking industry, hiding in the corner looking sheepish **

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  • [–] 2 points 3 months ago (1 child)

    That would be an egregiously stupid loan to make for any bank. These fines are from only 3 states. If they actually succeed, more states are going to line up to collect their pound of flesh. Giving the company a lifeline would only allow more debt to pile up, with zero expectation of return

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