The Federal Trade Commission hit Facebook with a $5 billion fine for the company's handling of user data following the giant Cambridge Analytica breach last year. While the fine has been criticized by some for being too small, in reality it balances the need to punish Facebook while not imposing onerous regulation on the whole industry. The fine should be a model of how the FTC can regulate tech companies going forward.
The Federal Trade Commission hit Facebook with a $5 billion fine for the company's handling of user data following the giant Cambridge Analytica breach last year. While the fine has been criticized by some for being too small, in reality it balances the need to punish Facebook while not imposing onerous regulation on the whole industry. The fine should be a model of how the FTC can regulate tech companies going forward.
jrhuddles I think this is the wrong take. They were able to settle 'any and all claims'. If I were Zuck, I'd have the biggest grin on my face as I asked who to make the check out to.
jrhuddles Stock price is surging despite any news. Facebook on privacy is a joke. Fox guarding the henhouse.