Company failed to follow one of the most sacrosanct rules for password storage.
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“Pays the price”!? $101 million? In 2023 Meta made a bit over $107 million of pure profit every day.
…apps for connecting to various Meta-owned social networks had logged user passwords in plaintext and stored them in a database that had been searched by roughly 2,000 company engineers, who collectively queried the stash more than 9 million times.