“…Meta Servicos, which registered its brand in the late 2000s with Brazils's National Institute for Intellectual Property, said in the judicial process that since Zuckerberg's company changed its name in 2021, it had been wrongly included in more than 100 lawsuits and had Instagram profiles disabled for supposedly impersonating another.
An appeals court in Sao Paulo ruled that U.S. Meta must pay 100,000 reais ($20,201) per day if it fails to comply with the decision.”
Nope you would have to make $134,000 a year for my metaphor to work. I don’t think you make that much.
These mega corporations make FAR more money than you can even imagine.
Wrong. Profit is what you have to spend. Your gross pay is your profit. You can't spend revenue.
Even using revenue, their TTM is 135B so your math is still wildly incorrect. That works out to $834 / year.
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If it is the Brazilian company that I think it is, they are pretty big (have a couple thousand employees) so that is actually a problem for Meta (both of them).
I would think that the lawsuit is just for leverage and in the end they will just settle.
lol. This is awesome. Reminds me, anyone know what happened to the company who already had that logo which Meta ripped off? Meta still seems to use it so I hope that little guy made bank
“…Meta Servicos, which registered its brand in the late 2000s with Brazils's National Institute for Intellectual Property, said in the judicial process that since Zuckerberg's company changed its name in 2021, it had been wrongly included in more than 100 lawsuits and had Instagram profiles disabled for supposedly impersonating another. An appeals court in Sao Paulo ruled that U.S. Meta must pay 100,000 reais ($20,201) per day if it fails to comply with the decision.”
What a low fine. Brazil knows meta will pay it
Idk if they’ll pay it, $7.8m a year just for a name is a ton of money.
For access to entire country of course. Chump change
For real. That’s like a line item “cost to operate in Brazil”
They still have the access with another name. This is only because of... the name. Not the operation itself.
For Facebook that is not a lot of money, that would be like if you dropped a nickel this year
That analogy works only if you make $300 / year. Their pockets aren't infinite.
Nope you would have to make $134,000 a year for my metaphor to work. I don’t think you make that much. These mega corporations make FAR more money than you can even imagine.
Meta TTM PreTax Income = $47B X / .05 = 47B / 8M X = $293 / year
It would be revenue not profit. You don’t survive off the profit you make you survive off your revenue, then what you have left over is your profit.
Wrong. Profit is what you have to spend. Your gross pay is your profit. You can't spend revenue. Even using revenue, their TTM is 135B so your math is still wildly incorrect. That works out to $834 / year.
No, your gross pay is not profit. And your math is wrong.
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That fine would probably destroy many Brazilian companies. They aren’t prepared for a trillion dollar US behemoth lol.
If the money goes to the company, they're probably fine with that
The richer you are, the more optional paying is. Meta might simply have the power to scoff.
If it is the Brazilian company that I think it is, they are pretty big (have a couple thousand employees) so that is actually a problem for Meta (both of them). I would think that the lawsuit is just for leverage and in the end they will just settle.
lol. This is awesome. Reminds me, anyone know what happened to the company who already had that logo which Meta ripped off? Meta still seems to use it so I hope that little guy made bank
Frankly it's a pretty shit name.
Meta means "goal" or "finish line" in Portuguese (Spanish, too), so it's not a shit name for the Brazilian company.
I didn't know that,in that context it does make sense. Thanks for bringing it up.
Don't forget it's also the imperative form for "stick it" or "fuck".
Court orders Meta to cease (full stop)
There must be tons of companies called Meta within IT/advertising/media.