Facebook slapped with highest fine in history

Arutz Sheva ^ | 13/7/19

[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.

.....

[Eleutheria5]

Shadow banning, censorship, bias, nothing changed. But the massive corporate wrist has been slapped.

[EagleUSA]

Fine should have been MUCH bigger.

[Lazamataz]

Eleventy-skadillion dollars and we’re good.

[Its All Over Except ...]

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.

[Eleutheria5]

Go long on popcorn futures.

[Revel]

I read that facebook’s stock went up after the announcement. And once again there are no criminal charges.

[Kenny Bania]

$5B is pocket change to Facebook.

[Vigilanteman]

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.

[Drew68]

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.

[DeoVindiceSicSemperTyrannis]

I hope for much more of these

[momincombatboots]

Facebook, Google, Twitter n even Amazon edit content, which makes them publishers, which makes them libel.. Time to stop the bullies.

[Eleutheria5]

where will this money be spent?

Wall? Humanitarian aid at the border? Nah. Pork.

[a fool in paradise]

I wan’ muh daddy’s rekkirds

[LeoTDB69]

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.

[Windflier]

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.

[9YearLurker]

A drop in the bucket for a CIA front.

[upchuck]

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.

[upchuck]

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[a fool in paradise]

Yap!