[ May 12, 2024 ]
A Judge has fined Facebook parent company Meta $24.7M for repeat intentional violations of campaign finance disclosure laws and is said to be the largest penalty for campaign finance in U.S. history.
This should be much bigger news.
Facebook stock is down 27% and they were just fined $24.7 million (the max allowed) for crooked campaign finance disclosures.
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Meta fined $24.7M for campaign finance disclosure violations
By Gene Johnson, AP, October 28, 2022:
SEATTLE (AP) — A Washington state judge on Wednesday fined Facebook parent company Meta nearly $25 million for repeatedly and intentionally violating campaign finance disclosure law, in what is believed to be the largest campaign finance penalty in U.S. history.
The penalty issued by King County Superior Court Judge Douglass North was the maximum allowed for more than 800 violations of Washington’s Fair Campaign Practices Act, passed by voters in 1972 and later strengthened by the Legislature. Washington Attorney General Bob Ferguson argued that the maximum was appropriate considering his office previously sued Facebook in 2018 for violating the same law.
Meta, based in Menlo Park, California, did not immediately respond to an email seeking comment.
Washington’s transparency law requires ad sellers such as Meta to keep and make public the names and addresses of those who buy political ads, the target of such ads, how the ads were paid for and the total number of views of each ad. Ad sellers must provide the information to anyone who asks for it. Television stations and newspapers have complied with the law for decades.
But Meta has repeatedly objected to the requirements, arguing unsuccessfully in court that the law is unconstitutional because it “unduly burdens political speech” and is “virtually impossible to fully comply with.” While Facebook does keep an archive of political ads that run on the platform, the archive does not disclose all the information required under Washington’s law.
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6 Comments
1 year ago
THAT is a drop in the bucket compared to what ZUCKERBERG SHOULD PAY!
1 year ago
He should have several charges against him and he should be in the DC jail with the innocent January 6th political prisoners. What he has done is much worse.
D
1 year ago
It’s not a trillion dollar company anymore. FFFFaBUCK eviscerated 75% of the value of the company on his wokester schemes. This was not in the best interests of the stockholders. The “stockholders” included many institutional investors from the pension funds.
1 year ago
The zuck keeps that much money in his socks. No big deal.
1 year ago
That POS pumped upwards of 400 million to get that worthless criminal degenerate PLACED where he presently is – you think 25 million causes him to bat an eyelash? They should’ve added a 0 to that – like 250 million
D
1 year ago
Anyone that uses Fakebook is an accomplice. There are alternatives like Freedomvine.com and MeWe.com Every time they use fakebook they’re simply putting money in Suckerhead’s pocket that he turns around and used to take down the USA or more likely turn it into the USSSA, Union of Soviet Socialist States of America. Most people don’t know what a cheat Suckerhead is, but can learn if they see the movie The Social Network. I wouldn’t trust that guy with a roll of quarters.
