Meta should be sued and regulated out of existence, and that pesky CEO along with it.
It bogs my mind how after seeing that Meta is actively allowing and endorsing the destruction of its users' lifes for even more profit, we still (as a society) accept to be captives to them.
Is like having to play the Russian roulette as a requirement for doing basic everyday tasks and we just go "what are we going to do amirite??"
via @pluralistic
@batist3 @pluralistic regulations like #onlineSafetyAct are already happening. Sadly #meta (etc) treat it as a business cost and carries on, while it prevents small scale startup or #foss competing.
@batist3 @falken@qoto.org @pluralistic
Exactly. I remember discussing PCI DSS in a major bank and they weren't particularly worried by the fines. The prison terms for the executives, on the other hand!
@brunogirin @batist3 @pluralistic
Revocation of corporate charters is a good one. Remove limited liabilty of owners for corporate criminal activity.
@batist3 @falken @pluralistic i think it might be helpful if the fines were in the form not of money but of shares. Break the law enough times and the regulator has enough votes to replace the CEO and board of directors with people who will obey the law.
@falken @batist3 @pluralistic This is yet another example of regulatory capture.
@falken
I guess the point for law makers should be that as long as your regulation can be taken as "the cost of doing business" it means it's uneffective, and thus, in practice, still leaves big tech unregulated.
I'd love to see baked in penalties in the magnitude of 10% of anual revenue fines for huge companies. Or maybe more drastic stuff like outright bans from markets.
Unless it's a clear no for these tech psychopaths, they'll still try to sneak in.
@pluralistic