“Laws are like cobwebs, which may catch small flies but let wasps and hornets break through.”
\n\nThat quotation by author Jonathan Swift captures something unavoidable – While the $17.6 billion settlement Meta (Facebook) agreed to last week with 47 states and several U.S. territories might seem like a huge admission that the company’s addictive social media algorithms have been harming children, a close look at the details shows a lot left on the table.
\n\nThe settlement funds will be spread over ten years and are partially contingent on Facebook/Instagram’s competitors agreeing to make the same changes. All told, Meta will shell out more this year to its own lawyers than to states.
\n\n“This is a massively good deal for Meta in terms of what they’re actually going to have to pay, and the fact that they didn’t admit to anything,” says investigative journalist Peter Schweizer. “Why would these state attorney generals, who are supposed to be these fire-breathing protectors of their citizens, go along with such a terrible deal?” Schweizer asks on the most recent episode of The Drill Down.
\n\n“The biggest example that people are using to compare this is to the tobacco companies’ settlement thirty years ago,” notes…
Original source: https://www.breitbart.com/tech/
