Jump to content
Sign in to follow this  
SFLUFAN

Facebook reaches $5 billion settlement with FTC for privacy violations

Recommended Posts

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.

 

Share this post


Link to post
Share on other sites

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.

 

Share this post


Link to post
Share on other sites
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

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...