Anti-social media

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Dedicated to antisocial behavior of social media corporations, censorship, algorithmic bias, filter bubbles, privacy and psychological effects of mainstream social media.

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rimu@piefed.social

Meta could be fined up to $1.4 trillion or maybe "only" $200 billion (www.cnbc.com)

submitted 3 days ago by rimu@piefed.social to c/antisocialmedia@piefed.social

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Oh god, please, be more than $1 trillion.

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[–] ChicoSuave@lemmy.world 12 points 3 days ago

Meta CEO Mark Zuckerberg is relying on the cash generated by the company’s dominant ad business to fund his massive bet on artificial intelligence, which could cost as much as $145 billion this year.

They've already spent $145B on being last place in AI. Another $200B won't seem to impress the shareholders.