this post was submitted on 16 Jul 2025
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Technology
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The shareholders are suing? Awesome! The consequences are coming from inside the house! Love to see it!
That did stand out to me, although I don’t know enough about these things to say how significant it is.
I'm not sure how to feel about this.
On one hand, it's consequences for CEO, and he does deserve that.
On the other hand, it's people who are deliberately investing into Meta, knowing full well how does it operate and what it does, who are now mad at Meta leadership that Meta got caught, and they lost money due to fines Meta paid, so they are suing the leadership to get their money back. And that is really scummy.
I think I want them to loose and get fucked, I hate shareholders even more than CEOs, because it's the shareholders who decide who is going to be a CEO, and who the CEO answers to. They are the people who are behind mass layoffs, and any other enshittification, because they don't care about the product, only that the lines goes up, and ruin good companies. So, they can go get fucked, and I really hope they loose.
Those are very good points!