How big will Facebook settlement checks be? Lawyers reveal estimated payment per person::Hoping the the massive Facebook privacy settlement is about to change your life? Don’t hold your breath.

        • frezik@midwest.social
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          1 year ago

          Right, this sort of thing can involve a giant team of lawyers and paralegals pouring over documents and case law. The next big case they take on may be years away from a successful settlement (if they even get one), and they need to float on that money. That said, the top partners of the firm are definitely getting a payday.

          • FireTower@lemmy.world
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            1 year ago

            Wouldn’t be shocked if that was their business model. Trying to look up the plaintiffs it seemed like they were represented by a firm that did a lot of mesothelioma cases.

          • FireTower@lemmy.world
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            1 year ago

            The broader Facebook userbase, likely including the lawyers. This was years of work for many lawyers.

            The real issue here is that 725 mil isn’t enough of a punishment for how massive Meta is. They net more than that in a month.

            • frezik@midwest.social
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              1 year ago

              No company on earth would just write off $725M. These are the sort of people who drop a business card in a fishbowl at a restaurant for a “contest” so that their lunch is a tax deductible business expense.

              • FireTower@lemmy.world
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                1 year ago

                If Facebook made $726M selling that data though they’d do it Sun-Sat. Hell if they made $725M and the math figured they had a 49.9% chance of getting caught they’d do the same again.