1117
Meta fined $102 million for storing passwords in plain text
(www.engadget.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 27 Sep 2024
1117 points (99.6% liked)
Technology
59366 readers
1253 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
Meta's revenue is in the tens of billions. This fine isn't even a rounding error for them. This isn't something that should be taken so lightly.
Have you seen IT budgets? Some vice-president of technology is going to be pissed his numbers look bad compared to his peers during their weekly numbers measuring contest.
Its about $2.6 billion per week in revenue, even by the weekly numbers its not an impact
(based on ~$135b in revenue for 2023, according to financial disclosure reports)
😱
Yeah that was just a cost of business. Zuck probably pulled that from under his couch.