this post was submitted on 09 Jul 2026
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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 15 hours ago by madeindex@lemmy.world to c/technology@lemmy.world
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cross-posted from: https://lemmy.world/post/49222005

Classic move ;)

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[โ€“] ParlimentOfDoom@piefed.zip 2 points 12 hours ago (1 children)

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

[โ€“] Senal@programming.dev 10 points 12 hours ago

I meant the banking industry over leveraging themselves into extinction and then walking it off because if subsidies and bailouts