FTC 'Failed Miserably' in Punishing Facebook With $5 Billion Fine, Democrats Say
The Federal Trade Commission, which has been investigating Facebook in the wake of its massive Cambridge Analytica scandal, has voted to approve levying a massive $5 billion fine against the social media giant, according to reporting in both the Wall Street Journal and the Washington Post. It's the single largest fine against a tech company by the FTC to date, but its inadequacy to curtail future breaches of this sort already has progressive lawmakers furious
Facebook was aware of a fine of this magnitude potentially coming down the pike for some time, and braced for a hit between $3 billion and $5 billion. The approval vote—which reportedly split down party lines, with three Republicans voting in favor and two Democrats against—was on the higher end of the expected spectrum.
This is expected to cap the agency's investigation into the data-mining scandal that compromised up to 87 million Facebook users' personal data. The data was originally harvested using a seemingly benign quiz app on the platform but was later potentially used by Cambridge Analytica, a political consultancy, for the unrelated purpose of political ad targeting.
Both the FTC and Facebook declined to comment. [...]
(Score: 1) by khallow on Monday July 22 2019, @04:32AM (3 children)
(Score: 0) by Anonymous Coward on Monday July 22 2019, @04:45AM (2 children)
Foolish me, what was I expecting? Not a funny bone in this fellow's body.
Say khallow, then flush and that's all that is to the matter.
(Score: 1) by khallow on Monday July 22 2019, @05:01AM (1 child)
Indeed. I'm a bit surprised that we could find some common ground.
I've seen Saturday morning cartoons with better dialogue than you've been cranking out.
(Score: 0) by Anonymous Coward on Monday July 22 2019, @05:35AM
Then maybe you'll get this Pay atteshun, boy. Ah'm cuttin' but you ain't bleedin' [youtu.be]