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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.
1 posted on 07/13/2019 2:30:15 PM PDT by Eleutheria5
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To: Eleutheria5

Fine should have been MUCH bigger.


3 posted on 07/13/2019 2:32:50 PM PDT by EagleUSA
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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.)
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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)
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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.)
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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
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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?)
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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.)
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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
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To: Eleutheria5

I hope for much more of these


11 posted on 07/13/2019 2:49:21 PM PDT by DeoVindiceSicSemperTyrannis
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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 isn’t a socialist after 65? Freedom exchanged cash, a medicare card control.)
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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.)
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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)
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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
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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.)
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To: Eleutheria5

A drop in the bucket for a CIA front.


17 posted on 07/13/2019 3:33:32 PM PDT by 9YearLurker
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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.)
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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.)
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To: upchuck

Yap!


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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