Commissar SFLUFAN Posted July 12, 2019 Share Posted July 12, 2019 Facebook to be slapped with $5 billion fine for privacy lapses, says WSJ Quote The fine represents the largest ever imposed by the FTC against a tech company. Previously, the agency’s largest fine against a tech company came in 2012 when Google agreed to pay a $22.5 million penalty due to its privacy practices. The fine would represent approximately 9% of Facebook’s 2018 revenues. Quote Link to comment Share on other sites More sharing options...
Guest Posted July 12, 2019 Share Posted July 12, 2019 “That’s a lot of money.” - Captain Obvious Quote Link to comment Share on other sites More sharing options...
TwinIon Posted July 12, 2019 Share Posted July 12, 2019 In its most recent quarterly earnings report, ... $3 billion represented about 6 percent of the cash and marketable securities Facebook had on hand. I just hope congress doesn't decide that this is enough, and we can start to put some decent privacy legislation in place, rather than just fining Facebook or Google whenever they do get caught doing something bad. Quote Link to comment Share on other sites More sharing options...
Dodger Posted July 12, 2019 Share Posted July 12, 2019 1 hour ago, TwinIon said: In its most recent quarterly earnings report, ... $3 billion represented about 6 percent of the cash and marketable securities Facebook had on hand. I just hope congress doesn't decide that this is enough, and we can start to put some decent privacy legislation in place, rather than just fining Facebook or Google whenever they do get caught doing something bad. Why do that when they can just get a free few billion dollars every so often Quote Link to comment Share on other sites More sharing options...
GeneticBlueprint Posted July 12, 2019 Share Posted July 12, 2019 I can't wait for the people whose privacy was violated to get their checks in the mail. Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted July 12, 2019 Share Posted July 12, 2019 Seems more substantial than NFL fines. Quote Link to comment Share on other sites More sharing options...
Greatoneshere Posted July 13, 2019 Share Posted July 13, 2019 So basically a slap on the wrist. Something at least? Quote Link to comment Share on other sites More sharing options...
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