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F.T.C. Approves Facebook Fine of About $5 Billion
The Federal Trade Commission has approved a fine of roughly $5 billion against Facebook for mishandling users' personal information, according to three people briefed on the vote, in what would be a landmark settlement that signals a newly aggressive stance by regulators toward the country's most powerful technology companies.
The much-anticipated settlement still needs final approval in the coming weeks from the Justice Department, which rarely rejects settlements reached by the agency. It would be the biggest fine by far levied by the federal government against a technology company, easily eclipsing the $22 million imposed on Google in 2012. The size of the penalty underscored the rising frustration among Washington officials with how Silicon Valley giants collect, store and use people's information.
It would also represent one of the most aggressive regulatory actions by the Trump administration, and a sign of the government's willingness to punish one of the country's biggest and most powerful companies. President Trump has dialed back regulations in many industries, but the Facebook settlement sets a new bar for privacy enforcement by United States officials, who have brought few cases against large technology companies.
Also at Reuters, CNBC, The Verge, MarketWatch, and CNN.
(Score: 0) by Anonymous Coward on Saturday July 13 2019, @09:47PM (1 child)
congrats... i think...
when do you estimate we will be far enough along this road to ask the brown question?
i mean, i know you're more a fan of the jewish question, but this is zion don after all
(Score: 1) by Ethanol-fueled on Sunday July 14 2019, @10:58PM
The Democratic party is fighting a publicly-existential battle (as the Republicans are fighting a less-public existential battle), but the nexus is the Brown Question: How much more support can the Democrats garner? They need backup reinforcements. And the Mexicans and other Latinoids looking for free shit are their backup. Republicans have always been outwardly bigoted pricks, despite their profiting off of the backs of cheap labor, but the problem with Democrats is that the Brown Question is a fissure that splits them down deep to their ideological core.
If I were Nancy Pelosi, I would solve this problem by suggesting that the commies splinter off into a third-party, the Justice party. The problem voices would go away and fizzle out when it is discovered that even young people hate violent commies and Democrats can return to moderation, nominating Tulsi or Webb or somebody within the political structure who can legislate rather than throw Molotov cocktails.