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Facebook slapped with highest fine in history
Arutz Sheva ^
| 13/7/19
Posted on 07/13/2019 2:30:15 PM PDT by Eleutheria5
The Federal Trade Commission (FTC) has voted to approve fining Facebook approximately $5 billion as a penalty for the company's privacy violations in the Cambridge Analytica scandal, The Guardian reported.
According to the Washington Post, an anonymous source familiar with the issue said Friday that the settlement was approved 3-2, and that the Justice Department is expected to approve the move.
In addition to the fine, which would be the highest ever levied by the FTC against a technology company and the highest ever levied for a privacy violation, Facebook will reexamine how it handles user data.
The Washington Post noted that Facebook "may have to document every decision it makes about data before offering new products, keep closer watch over third-party apps that tap users information, and require its top executives, including CEO Mark Zuckerberg, to attest that the company adequately has protected privacy."
However, the reports noted that the fine will not affect Facebook's ability to share data with third parties.
.....
(Excerpt) Read more at israelnationalnews.com ...
TOPICS: Business/Economy; Extended News; Front Page News; News/Current Events
KEYWORDS: 5b; cambridgeanalytica; facebook; fine; ftc; privacy; yesweknow
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Shadow banning, censorship, bias, nothing changed. But the massive corporate wrist has been slapped.
Comment #2 Removed by Moderator
To: Eleutheria5
Fine should have been MUCH bigger.
3
posted on
07/13/2019 2:32:50 PM PDT
by
EagleUSA
To: Eleutheria5
Eleventy-skadillion dollars and we’re good.
4
posted on
07/13/2019 2:33:59 PM PDT
by
Lazamataz
(We can be called a racist and we'll just smile. Because we don't care.)
To: Eleutheria5
Wait until the EU with all of its machinations finishes with Facebook, as they can’t stand FB.
They will impose a $100 billion fine for stealing people’s private info and so on And if they don’t pay they will trash their credit rating.
If the EU destroys Facebook it will be the one good thing that comes from it.
5
posted on
07/13/2019 2:36:54 PM PDT
by
Its All Over Except ...
(If You Haven't Realized You Are In Clown World Then You Have Spent Too Much Time At The Circus)
To: Its All Over Except ...
Go long on popcorn futures.
6
posted on
07/13/2019 2:38:35 PM PDT
by
Eleutheria5
(If you are not prepared to use force to defend civilization, then be prepared to accept barbarism.)
To: Eleutheria5
I read that facebook’s stock went up after the announcement. And once again there are no criminal charges.
7
posted on
07/13/2019 2:41:21 PM PDT
by
Revel
To: Revel
$5B is pocket change to Facebook.
8
posted on
07/13/2019 2:44:22 PM PDT
by
Kenny Bania
(Ovaltine? Why not call it Roundtine?)
To: Lazamataz
A better remedy would be to force them to break up in no less than three competing companies as was done to Standard Oil near the turn of the last century.
Facebook is essentially a commercial operation squatting on and exploiting a public access platform.
9
posted on
07/13/2019 2:46:10 PM PDT
by
Vigilanteman
(The politicized state destroys aspects of civil society, human kindness and private charity.)
To: Eleutheria5
Shadow banning, censorship, bias, nothing changed. But the massive corporate wrist has been slapped. Not a fine. Basically, it's a fee. The cost of doing business.
Curious though, who gets to keep the $5 billion and where will this money be spent?
Smells like a big giant corruption pie that everyone has their fingers in.
10
posted on
07/13/2019 2:48:18 PM PDT
by
Drew68
To: Eleutheria5
I hope for much more of these
To: Eleutheria5
Facebook, Google, Twitter n even Amazon edit content, which makes them publishers, which makes them libel.. Time to stop the bullies.
12
posted on
07/13/2019 2:49:55 PM PDT
by
momincombatboots
(Do you know anyone who isnÂ’t a socialist after 65? Freedom exchanged cash, a medicare card control.)
To: Drew68
where will this money be spent?
Wall? Humanitarian aid at the border? Nah. Pork.
13
posted on
07/13/2019 2:51:09 PM PDT
by
Eleutheria5
(If you are not prepared to use force to defend civilization, then be prepared to accept barbarism.)
To: Eleutheria5
I wan’ muh daddy’s rekkirds
14
posted on
07/13/2019 3:22:15 PM PDT
by
a fool in paradise
(TDenounce DUAC - The Democrats Un-American Activists Committee)
To: Lazamataz
If’n dey really want to hurt FascistBook, announce that the fine will go towards the border wall. That’d fry the left more than the amount.
15
posted on
07/13/2019 3:30:04 PM PDT
by
LeoTDB69
To: Its All Over Except ...
If the EU destroys Facebook it will be the one good thing that comes from it. And right when I'm finally getting back into FB. You wouldn't believe how many MAGAnites are posting there.
16
posted on
07/13/2019 3:31:46 PM PDT
by
Windflier
(Torches and pitchforks ripen on the vine. Left too long, they become black rifles.)
To: Eleutheria5
A drop in the bucket for a CIA front.
To: Eleutheria5
However, the reports noted that the fine will not affect Facebook's ability to share data with third parties. If Zuck's brain is working it should.
18
posted on
07/13/2019 3:41:23 PM PDT
by
upchuck
(No muzzy is fit to hold public office - their cult (religion) is incompatible with the Constitution.)
To: Eleutheria5; a fool in paradise; acapesket; Baynative; beef; BullDog108; Califreak; cgbg; ...
This is the Facebook Is Evil ping list.
If you'd like to be on or off this list, please click Private Reply below and drop me a FReepmail.
19
posted on
07/13/2019 3:42:08 PM PDT
by
upchuck
(No muzzy is fit to hold public office - their cult (religion) is incompatible with the Constitution.)
To: upchuck
20
posted on
07/13/2019 3:49:10 PM PDT
by
a fool in paradise
(TDenounce DUAC - The Democrats Un-American Activists Committee)
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