Original reward was 200+ billion, lawyered down to 25, on appeal I imagine much less. Cost of doing business for Meta and nothing changes. In cases like this, it should cost the company serious financial harm. Even $25 billion is nothing to Meta.
Same goes for any business venture including private equity. No more corporate veil. Every dollar or stake in ownership needs to be attributable back to an individual that can be held financially responsible. Each individual can have some amount of assets protected from claw backs, liens, judgements, etc. Enough to cover a functional used vehicle, 3 bed two bath house in their zip code, 50k in cash, and their retirement account. This gives most normal people the freedom to invest with less worry. Still, if you want to make money, it will behoove you to not take on risk by investing in organizations that flout the law, cause environmental damage, or harm others.
If the CFO commits a crime, they can't get a license anymore. Start getting the bad actors out of positions of power.
Change the law, it just that easy.
Don't know why you think there's not correlation.
And breaking the law usually doesn't result in a hit to next quarter's earnings, so this is what we optimize for: kicking the can down the road until it becomes a bigger problem.
Guess how we know you've never lived, worked, or read a newspaper in any other country.
Privacy law in the US is largely toothless and has vanishingly few proactive regulatory requirements. This case is a perfect example of this -- Facebook's blatant disregard for privacy wasn't what was found illegal here, it was only the fact they lied about it.