Aside from my personal experiences in this area, you can ask the Winkelvoss twins what happened when the judge in their case found out that Zuckerberg/Facebook’s lawyers lied and withheld evidence that would have gotten them a bigger payout. As the person who represented them told me: “Those guys can lie to the government and get away with it. I’ve seen them do it.”<p>So, no, this is not the “mother of all lawsuits.” Nothing will happen to Mark Zuckerberg or Facebook. And, yes, there seems to be something rotten in the American political system — on both sides of the aisle — that’s keeping these scumbags protected.
What is modern journalism’s obsession with putting “quietly“ in the headline of everything they weren’t explicitly informed of in advance? They seem to use it to imply some kind of deceitfulness, when usually it means they actually just had to do their job and investigate a little bit.
Can someone please sum up the wider context? What is happening to FB and what lawsuits are in play? Is this a civil case or a criminal case? Can Zuckerberg and co face jail time? Or is this just routine cost-of-business some-state-shaking-down pay-fine-and-carry-on for FB?<p>From a layman picking up occasional news, it feels like states and countries and even investors often shake down the big tech companies, using court cases to extract money from tech companies for arbitrary perceived transgressions but really the money just goes to some unaffected government to fund other purposes and that these states and investors and things just take it in turns to demand money.
> As to how this suit wasn't noticed, Delaware Chancery charges a fortune per document limiting public awareness.<p>Isn't this the document here:<p><a href="https://fingfx.thomsonreuters.com/gfx/legaldocs/byvrjogbzve/frankel-facebookderivative--calstrscomplaint.pdf" rel="nofollow">https://fingfx.thomsonreuters.com/gfx/legaldocs/byvrjogbzve/...</a>
Facebook is the in plain sight backdoor for the 3 letter agencies, no fine that will shut them down will ever be issued by any US court so long they collaborate.<p>This is like wrestling on tv, but with legal entities.
This lawsuit isn’t as big of a deal as the tweet thread makes it out to be. This Jason dude is just being bombastic to get more Twitter reach.<p>Basically some investors (pension funds) are suing Facebook over the whole Cambridge analytica scandal again.<p>Companies get sued all the time by shareholders whenever there’s a scandal because it usually involves a risk to the business that wasn’t disclosed to shareholders. As Matt Levine likes to say “everything is securities fraud.”<p>This is not a government anti-trust suit.
I can't help but feel they might have avoided some of the antitrust scrutiny if not for lying about Whatsapp (repeatedly), or launching attack ads against Apple, or... there's a few different things but I always feel like they don't really care about whether they draw attention to themselves do they?