back to article Facebook coughs up $550m to make AI photo tagging lawsuit vanish. How ever will it survive on that $17.9bn left over?

Facebook will fork out more than a half-billion dollars to settle a class-action lawsuit against its facial recognition tech. The antisocial network revealed the agreement yesterday while announcing its 2019 financial figures [PDF], which also showed expenses for the Silicon Valley monster have risen sharply. "Finally, [ …

  1. johnfbw

    One weeks worth of quarterly income

    Is that less than one weeks worth of annual income?

    1. diodesign (Written by Reg staff) Silver badge

      Re: One weeks worth of quarterly income

      Between 10 and 11 days of full-year profit, or a week of Q4 profit. Facebook banked $50.7m a day in full-year profit in 2019.

      C.

  2. Chris G Silver badge

    Facebook

    Sooo, we haven't seen the back of them yet?

    1. IceC0ld Silver badge

      Re: Facebook

      Yet .......................

      in their defence, they are helping by remaining as the biggest PITA on the block still :o)

  3. JohnFen Silver badge

    What community?

    > "We decided to pursue a settlement as it was in the best interest of our community and our shareholders to move past this matter,"

    I understand that this is in the best interest of their shareholders, as losing the lawsuit would be even worse for business. But community? What community are they talking about here? It certainly can't be FB users.

    1. asdf Silver badge

      Re: What community?

      >It certainly can't be FB users.

      The product will get over it (if they are still on there these days they obviously don't mind the personal data enema). Sadly they still take pictures of us that do.

      1. Snowy Silver badge
        Facepalm

        Re: What community?

        Yes people not on Facebook do not even get asked if they mind being tagged into photo's, so where is there share on the pot for them?

        1. e^iπ+1=0

          Re: What community?

          "Yes people not on Facebook do not even get asked if they mind being tagged into photo's"

          Pics or it didn't happen.

  4. Anonymous Coward
    Anonymous Coward

    That mob

    make the Mafia seem like a lunch money extortion bully.

    1. asdf Silver badge

      Re: That mob

      Move fast and break society.

  5. Anonymous Coward
    Anonymous Coward

    Zuckered.

    A new term for being bought off or lied to.

  6. Dan 55 Silver badge
    Devil

    Let that sink in

    This is worth so much to Facebook that they'll pay over half a billion dollars to make it go away so they can carry on tagging.

  7. Anonymous Coward
    Anonymous Coward

    He really is a sociopath.. you get the impression he's constantly sort of staring off into the distance, right past the autonomous cell-collectives that identify as 'fellow human' and envisioning a world where the Facebook computers know so much about them, there's literally no point them existing independently, be far more efficient to just simulate them and recycle their biological matter into computing substrate and why doesn't everyone see how much sense that makes?

  8. Anonymous Coward
    Anonymous Coward

    If something is free...

    ...you are the product being sold.

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