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Facebook to pay record-breaking $5B penalty over violating users' privacy

Original post made on Jul 25, 2019

The Federal Trade Commission on Wednesday announced a $5 billion settlement with Menlo Park-based Facebook Inc., the largest-ever penalty imposed on a company for consumer privacy violations.

Read the full story here Web Link posted Thursday, July 25, 2019, 11:16 AM

Comments (2)

6 people like this
Posted by Slap on the Wrist
a resident of Old Mountain View
on Jul 25, 2019 at 11:32 am

Slap on the Wrist is a registered user.

An embarrassingly small fine. $5 billion is a tiny fraction of their quarterly revenue. When this was announced, their stock actually went UP.

It's going to be business as usual for Facebook. This is just another cost they'll find it worth paying to destroy everyone's privacy.

12 people like this
Posted by resident
a resident of Old Mountain View
on Jul 25, 2019 at 2:21 pm

The Feds accused them of a lot of terrible things, including outright lying to their users as well as intentionally leaking private data to Russian operatives. Don't just stop using them. Ask them to delete all your data then permanently delete your account. Yes, they will still track people who do not have accounts. Unfortunately, the Trump administration is not prohibiting that practice.

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