Let’s do some math. Some searching suggests the average size of an e-book is about 3 MB. 82 TB means they pirated about 27 million e-books. At the rate of Russet’s fine, that would come to damages of $2.2 trillion. So not more money than has ever is about 4x Meta’s entire market cap.
I hope the book publishers sue Meta and end up owning Facebook and Instagram. Not that I expect one evil megacorp to inevitably fix all the ills of another. But it would be hard to make Facebook any worse than it currently is.
I mean, 4x the market cap of Meta, 80x, it makes little difference. The key is the book publishers should end up owning Meta. Again, I wouldn’t expect them to necessarily turn Facebook into some revitalized utopia. But I think at least a bunch of stodgy old book publishers wouldn’t be so overtly cartoonishly fascist at the very least.
Let’s do some math. Some searching suggests the average size of an e-book is about 3 MB. 82 TB means they pirated about 27 million e-books. At the rate of Russet’s fine, that would come to damages of $2.2 trillion. So not more money than has ever is about 4x Meta’s entire market cap.
I hope the book publishers sue Meta and end up owning Facebook and Instagram. Not that I expect one evil megacorp to inevitably fix all the ills of another. But it would be hard to make Facebook any worse than it currently is.
This needs a theydidthemath comm to post to. 🙂
3Mb is mostly the cover art.
The text is usually only 100-150kb. So if they only got text, it could be 20x higher.
$44T, now we are talking about real money.
I mean, 4x the market cap of Meta, 80x, it makes little difference. The key is the book publishers should end up owning Meta. Again, I wouldn’t expect them to necessarily turn Facebook into some revitalized utopia. But I think at least a bunch of stodgy old book publishers wouldn’t be so overtly cartoonishly fascist at the very least.
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