this post was submitted on 16 Jun 2024
166 points (98.3% liked)

News

23274 readers
3033 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 

Clearview AI, a facial recognition start-up that scraped more than 30 billion photos from social media, can’t afford to pay the settlement bill from its class-action lawsuit so is offering Americans a stake in its company instead.

The New York-based company was sued in a federal court in Chicago in litigation that has proven so costly that Clearview AI says it will go bankrupt before making it to trial.

The unusual settlement offers members of the lawsuit a collective 23 percent stake in Clearview AI; an amount that is currently valued at $52 million, per The New York Times.

Members of the class could be literally anyone in the United States who has posted a photo of themselves online so anyone who does submit a claim could be entitled to a cut of the proceeds from a public flotation or an acquisition.

top 23 comments
sorted by: hot top controversial new old
[–] [email protected] 41 points 4 months ago (2 children)

Nothing more valuable than shares in a company in such a poor financial state that it can't pay its own settlements.

[–] [email protected] 2 points 4 months ago

Less ridiculous than a losing country offering a "peace deal" where the better off country gives them all the land they wished for and promise not to join Nato.

[–] [email protected] 3 points 4 months ago

It would close out all these claims and allow creditors to take over the data and sell it tho

[–] [email protected] 7 points 4 months ago (3 children)

Don't post pictures of yourself online, I guess.

[–] [email protected] 5 points 4 months ago

Sure you can, but if your friend does it, work, school, parents etc etc... You are going to end up online without knowing.

[–] [email protected] 3 points 4 months ago

Or have anybody else take photos that include you, I guess.

[–] [email protected] 6 points 4 months ago (1 children)

Expecting your stuff to remain private online is like leaving your belongings on the sidewalk and expecting nobody to touch them.

[–] [email protected] 4 points 4 months ago (1 children)
[–] [email protected] 3 points 4 months ago

Vanishingly few.

[–] [email protected] 27 points 4 months ago

Their business is built entirely on stolen data so they're selling off a minority of shares.

Fuck these clowns.

[–] [email protected] 2 points 4 months ago

Naa, I'll take my ...

[$52M ÷ 30 Billion]

... $0.0017 check please. Don't forget postage.

[–] [email protected] 31 points 4 months ago (2 children)

If companies are people we should execute one

[–] [email protected] 2 points 4 months ago

We should execute plenty. (Companies, not people, except possibly the CEOs.)

[–] [email protected] 11 points 4 months ago

Companies are people right up to the moment a felony is committed but no further.

[–] [email protected] 10 points 4 months ago (1 children)

Mmmm no I think we’re still going to sue.

[–] [email protected] 9 points 4 months ago

And pass up on this unique opportunity to join the bourgeoisie?

[–] [email protected] 104 points 4 months ago (2 children)

So let me see if I get this straight:

Some guy robs you and since they can't pay the settlement bill for robbing you, they are offering you a stakeholder position in their further crimes?

[–] [email protected] 5 points 4 months ago (1 children)

If everyone is an accessory, no one has standing to sue.

[–] [email protected] 3 points 4 months ago

Here's the thing: everyone but you would be an accessory, so you can sue everyone who got stonks. Settle for getting their stonks, and you get 23% of (what was) the company.

(I wish I was only half-kidding, but the US be the US)

[–] [email protected] 44 points 4 months ago

Everyone is just seeing how far they can go nowadays.

[–] [email protected] 43 points 4 months ago (1 children)

Devoid of ethics. Company using stolen goods to get started offers profits from stolen goods going forward. How TF is this legal? That's a rhetorical question fwiw.

[–] [email protected] 4 points 4 months ago

Well you see it's like this....

*proceeds to go into 8 page explanation

[–] [email protected] 12 points 4 months ago

So it's bankruptcy, then.