silversurfer
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- Aug 17, 2014
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Despite warnings of Chinese and Russian mischief and manipulation ahead of the US midterm elections, it seems American companies and citizens are perfectly capable of denting democracy on their own.
A Washington judge fined Meta $24.6 million this week after ruling that Facebook intentionally broke [PDF] the state's campaign finance transparency laws 822 times. This fine was the maximum amount, we're told, and represents the largest-ever penalty of its kind in the US.
To put the fine in perspective: it's about half a day of Meta's quarterly profits, which in these uncertain economic times dropped to $4.4 billion for Q3 this year.
In addition to paying the pocket change, Meta was ordered [PDF] by the judge to reimburse the Washington state attorney general's costs, and noted these fees should be tripled "as punitive damages for Meta's intentional violations of state law."
While the exact amount hasn't been determined, Attorney General Bob Ferguson said that legal bill totals $10.5 million for Facebook's "arrogance." Again, pocket change.
"It intentionally disregarded Washington's election transparency laws. But that wasn't enough," Ferguson said. "Facebook argued in court that those laws should be declared unconstitutional. That's breathtaking."
Meta fined record-breaking $24.6m over political ads
Pocket change for troubled Facebook giant, plus more US election news
www.theregister.com