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US Regulators Have Met To Discuss Imposing a Record-Setting Fine Against Facebook For Some of Its Privacy Violations: Report (washingtonpost.com)
U.S. regulators have met to discuss imposing a record-setting fine against Facebook for violating a legally binding agreement with the government to protect the privacy of its users' personal data, The Washington Post reported Friday [Editor's note: the link may be paywalled; alternative source], citing three people familiar with the deliberations. From the report: The fine under consideration at the Federal Trade Commission, a privacy and security watchdog that began probing Facebook last year, would mark the first major punishment levied against Facebook in the United States since reports emerged in March that Cambridge Analytica, a political consultancy, accessed personal information on about 87 million Facebook users without their knowledge. The penalty is expected to be much larger than the $22.5 million fine the agency imposed on Google in 2012. That fine set a record for the greatest penalty for violating an agreement with the FTC to improve its privacy practices.
Unless its in the multiple of billions, this will be just a slap.
They are one of the biggest companies in the world. I am sure $100,000,000 fine would suck somewhat, but its not enough.
http://progressquest.com/spoltog.php?name=Son+Of+Son+Of+DarkRookie
Zucker and Sand both lied to Congress. Lock them up along with the Trump administration liars. We need to set a new standard. No more lying as usual! Fines don't accomplish squat with super-giants like Facebook or Google.
Anything less than $500million will just be a slap on the wrist and something they can easily cover
facebook's greed and ignorance are significant contributors to brexit and, even more spectacular (and not in a good way), the entire shitshow that is the trump presidency.
had they not sold out to russian trolls (and perhaps chinese and/or saudi..) and spooks and republican campaign and its vendors (cambridge analytics, et al) and major donors (koch, nra, etc).. the uk would not be trying to leave the e.u. and trump would in jail instead of the white house.
i can't see trump-friendly government officials going after facebook.. maybe what they really meant is they're gonna get a slap on the wrist, because we 'just have' to do 'something' since the e.u. started to hammer fb.
US regulators. Not Trump, not Trump's order, mandate, or interest. Trump is obviously facing much worse "regulation" than Facebook is. He'll die in prison.
Facebook would not be the behemoth it is without the legions of stupid people who sign up, give it access to their phones, their contacts, their GPS logs, their messages, their web browsing history... and along the way drag the NON-Facebook users into "shadow profiles" from the scraped contact lists and texting data.
There was literally no reason to ever use Facebook or sign up for it. It was made by a creep to stalk girls at his university.
It succeeds because people MAKE it succeed. It's time to start fining its users, too, for enabling behaviors.
At 50 billion in annual revenue this last year and their ongoing growth... I mean, a fine I have to pay every 5-10 years over whatever even a years revenue is not going to change my behavior much. Even if growth flatlines... Shit dawg, I'll just get better at covering my tracks.
Large corporations have insurance to pay for govenrment imposed fines.
Actual penalty should be, insert state attorney general here, preventing Facebook from showing ads or content in the state of ______.
Funny how Wells Fargo, with all of the fraudulently opened financial accounts - identity theft - is still operating in all 50 states. A much smaller organization would have been run out of business.
Both state and federal regulators should break apart these companies as part of the fine or prevent them from doing business in a state.
The USA was not founded so that each large industry would have 3 or 4 major companies which would not collude but just quickly mimic the actions of the other companies which in effect acts as a single large near-monopoly. Where's anti-trust, anti-cartel regulations?
Traitorous whores sucking Chinese moneycocks. The ONLY sane answer is nationalization and disencorporation.
;D
Nobody cared about privacy when Obama's campaign did the exact same thing; quite the opposite - they were roundly praised for their use of social media, and cemented Twitter as "official government agency" by holding twitter town halls, and such.
If not for Trump they'd be doubling down on their privacy violations under Hill dawg, and again, be roundly praised for it.
He doesn't even read briefings.
If it wasn't on Fox News, he doesn't even know it is happening. And even if it was, he knows as much about what happened as any other viewer.
Fines don't stop the rich. Jail Time folks. Jail Time for the entire Executive board. Make people take Responsibility. Cut all outside access until they get out and I'm not talking Brock Turner sentencing. I'm talking possession of drugs where you get more years than child rapists. Possession of Data.
When we start imprisoning the managers i.e Zuckerberg in a hard labor prison Angola we might start seeing results and fining them so that shareholders profit is damaged will we start seeing results
When investors see how great the ROI is on privacy violations. Billions and billions in illicit earnins and millions in fines--seems like a great racket.
Libertarian faggot apologists GET OUT of this country!
of each person affected? 87 million counts, which seems like a willful violation.
Civil and criminal penalties should be applied, instead of a slap on the wrist, which would amount to a rounding error in BookFaces bottom line.
Pay attention everyone, this is what Trump derangement syndrome looks like.
Facebook revenue is $142 million per day (with a 37.5% profit margin). The "large" fine will be a small footnote in their annual report.
[Insert pithy quote here]
People like you will be fun to track down IRL when the war comes. You've got a comeuppance coming.
How do you fine someone for throwing society in the toilet for their own benefit?
Laws are rules for the court, but merely a bottom bar to hit for life. Think beyond laws in your actions always.
Nazi faggots like you are already being hunted by THE REST OF AMERICA at once. We're literally going to kill every single last one of you inbred faggots.
unless the fine ends up SEVERAL orders of magnitude bigger than the google one then it isn't even a slap on the wrist. the 22.5million for google was a joke, it would need to be 100 times that before it even becomes an issue for management to take seriously. both facebook and google would spend orders of magnitude more on their legal teams, this is just pocket money for them. Fines are meant to deter, these do the opposite,.
Who cares about the dollar amount. It's just a percent of FB's valuation in all likelihood. It sounds like a high number but to FB it's not. What they should do is either fine them exactly 6 billion and use it to fund the wall, which would be hilarious, or force Mark Z to cut off his left arm.
The penalty is expected to be much larger than the $22.5 million fine the agency imposed on Google in 2012.
And this is why US Regulators are an international joke.
I think the government should solve two problems at the same time.
Make facebook build the wall.
Everyone back to work for Monday!
-- Don't make me replace you with a small shell script.
A billion per lie to congress, sounds adequate?
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
Even a fine twice as large as Google's would be $45 million. That is not even pocket change compared to the amount of money Facebook makes off of violating people's privacy every day.
With his pinky at his mouth, when announcing the "record" fine...
22.5 Millions. Wow. That's a LOT! Well, at least until you realize that Facebook's annual income was 40 Billions in 2017. In other words, the record breaking sum they're about to fine them (maybe, probably, it's not quite through yet) is about 0.05 of a percent of their annual income. 0.05 percent. Not 0.05 of their income, but actually 0.0005.
To put that into perspective, let's assume you earn 100,000 a year. Then this fine would be about 50 bucks. The record breaking fine of 50 .... last time I was speeding it cost more than that! Did I stop speeding? Not even for the same day. Did I even notice the fine? No. I was honestly pissed about the time wasted with the cop there than the 50 bucks. I guess that's why Zuckerfucker doesn't appear at hearings anymore. "Fine me if you please, assholes, but stop fucking wasting my time!" seems to be the sentiment here.
Do I care about such a fine? Would you?
Do you think Facebook does?
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
As everyone is pointing out, unless it's in a whole other league (billions) they will just laugh at us.
I can hear it now: "heh... dumb fucks..."
Facebook hasn't broken the law. Additionally, _everyone_ using Facebook knows, or should know, what the deal is. Anyone still using Facebook _knows_ that Facebook is tracking and datamining them, and it's all in the user agreement they clicked "Accept" on but didn't read.
The government shouldn't penalize Facebook for doing something that there's no rules against, and users agreed to. If they want to fine Facebook they should pass a law first.
Prevent FaceBook from serving up ads to anyone with an IP address in New York state. The state attorney general could prevent Facebook from operating in that state.
Simple said, a fine will be paid by FB's insurance company or FB but FB will still be in business.
What's needed is to prevent FB from doing business. The money fines are a penalty but will not prevent bad actions.
Regulators do this all the time by taking over insolvent banks, shutting down businesses due to excessive public nuisance violations, etc.
Think how Wells Fargo had fraud and identity theft systematic in each state and somehow stills has operating banks in each of those states. Why did not the state AG shut down Wells Fargo state by state?
LOL when the war comes, just look for the Americans fighting for everybody's rights and you'll find me right there shooting the brownshirt to your left or right.
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