Maybe this has already happened, but wouldn't this be grounds for a lawsuit? If businesses are going bankrupt because of outright lies or negligence on a company's part, I would think you have grounds for damages and class-action lawsuit.

I'm speaking out of my butt here, I'm not a lawyer.

They got a tiny slap on the wrist. $40M.

https://www.hollywoodreporter.com/thr-esq/facebook-pay-40-mi...

Thanks!

This is kind of depressing; I suspect that $40 million is barely a blip in Facebook's advertising budget, so the sad part is that this probably had almost-literally no effect on them.

I guess it's not a new thing for corporations to own the world, but it's always sad when I'm reminded of it.

To put that in perspective..

In Q3 2019, Facebook had nearly $18B in revenue. Therefore, $40M is about 5 hours of their revenue.

Crazy. That would be like an average American household getting fined $150 (63000/40/52)... so a speeding ticket basically.

That is what is politely referred to as a "cost of doing business"....

It is completely intentional, and a company-wide initiative. I have been to several digital marketing conferences and at the big ones there is always a FB speaker/panelist that's there for no other reason than to shill for "video marketing" on FB.