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Last I saw there were over 1 million accounts distributed by CA. Even assuming they were only distributed 3 months (unlikely) and there were only 1 million acc

Last I saw there were over 1 million accounts distributed by CA. Even assuming they were only distributed 3 months (unlikely) and there were only 1 million accounts (also unlikely) the maximum fine is: 1000x1000000x90 = 90 billion dollars. Imposing the maximum fine would be more than double their entire 4th quarter earnings last year. That's a bite. That would hurt any company.

apeace 9y ago
From this article: > If the FTC finds Facebook violated terms of the consent decree, it has the power to fine the company more than $40,000 a day per violation. > Facebook Inc. is under investigation by a U.S. privacy watchdog over the use of personal data of 50 million users So I think the maximum (assuming this went on for 90 days) would be: 40,000 x 50,000,000 x 90 = 180,000,000,000,000 180 Trillion.
- justinzollars 9y ago
  I think the world would be a better place if they just pulled the plug on the fb. Donald Trump is one really really bad outcome.
  - watwat1 9y ago
    Facebook didn’t elect trump. The us populace did.
    - yellow_postit 9y ago
      The US populace that lives in key electoral college swing states... what a convoluted system.
    - justinzollars 9y ago
      Thanks for clearing this matter up.
  - ihsw2 9y ago
    Hillary lost because she was the worst Democrat candidate in history. She had MSM, the entirety of liberal America, all major tech companies, most/all colleges, illegals voting en masse -- all of these organizations were united in their support for Hillary, and she still lost. The Dems had the election on a silver platter and they still lost because Hillary was awful. Hillary lost the election, if it wasn't her it would've been a win.
    - krapp 9y ago
      Calling Hillary the "worst Democratic candidate in history" is just a meme - she was perfectly qualified for the job, more so than Donald Trump, anyway. What she wasn't was photogenic, charismatic or capable of not coming across as "a politician" at a time when both parties were in a disgruntled, antiestablishment mood. I think she and the DNC felt it was finally "her time," and she didn't take Trump seriously, perhaps because she felt the winds of destiny were at her back. Unfortunately for her, Julian Assange decided to make it his religion to ruin her and Donald Trump happens to be very good at channeling populist antipathy. So it goes. >She had MSM, the entirety of liberal America, all major tech companies, most/all colleges, illegals voting en masse Ok. Let's go through this one by one... - The Democrats/leftists/DNC do not control the mainstream media. That's a conspiracy theory started by the right-wing fringe and Fox news, and of course, canonized by Trump and his supporters, in order to dismiss all criticism in the media as being manufactured. - The entirety of liberal America does not think and act in unison, nor were they entirely behind Hillary. Both parties were fractured this last election, and many Democrats who couldn't get Bernie wound up voting for Trump or stayed home. - All major tech companies are not liberal or leftist. There is a deep wellspring of right-wing, alt-right and libertarian ideology in tech and SV. - "most/all colleges" are also not automatically leftist. Plenty of right-wing, alt-right and libertarian ideology there as well. - "illegals voting en masse" is just a baseless conspiracy theory. You are correct that the race was Hillary's to lose. Unfortunately you couldn't resist running through the typical Trumpist hyperbole. Sad.
    - justinzollars 9y ago
      "Hillary lost because she was the worst Democrat candidate in history" Because she was a woman? I mean, in 1984 Walt Mondale got 13 electoral votes and just 37 million votes. I think this qualifies as much worse. But I get you.
throwaway2048 9y ago
i find it depressing that 90 billion dollars is only double the 4th quarter earnings.
Denzel 9y ago
I'm not sure I follow your math. Facebook had the following figures at the close of 2017 per https://investor.fb.com/investor-news/press-release-details/2018/Facebook-Reports-Fourth-Quarter-and-Full-Year-2017-Results/default.aspx https://investor.fb.com/investor-news/press-release-details/...: Earnings (Q4 2017): $4B Earnings (Y2017): $16B Revenue (Q4 2017): $13B Revenue (Y2017): $40B So, maybe you're confusing revenue with earnings (net income) and a quarter (3 months) with the entire year (12 months). Because $90B is over 20x FB's Q4 2017 earnings and over 5x their entire 2017 earnings.
- crowbahr 9y ago
  I messed up. I saw their Q4 revenue statement and read the year end 40B as the Q4 revenue. My bad.

apeace 9y ago

From this article: > If the FTC finds Facebook violated terms of the consent decree, it has the power to fine the company more than $40,000 a day per violation. > Facebook Inc. is under investigation by a U.S. privacy watchdog over the use of personal data of 50 million users So I think the maximum (assuming this went on for 90 days) would be: 40,000 x 50,000,000 x 90 = 180,000,000,000,000 180 Trillion.

justinzollars 9y ago
I think the world would be a better place if they just pulled the plug on the fb. Donald Trump is one really really bad outcome.
- watwat1 9y ago
  Facebook didn’t elect trump. The us populace did.
  - yellow_postit 9y ago
    The US populace that lives in key electoral college swing states... what a convoluted system.
  - justinzollars 9y ago
    Thanks for clearing this matter up.
- ihsw2 9y ago
  Hillary lost because she was the worst Democrat candidate in history. She had MSM, the entirety of liberal America, all major tech companies, most/all colleges, illegals voting en masse -- all of these organizations were united in their support for Hillary, and she still lost. The Dems had the election on a silver platter and they still lost because Hillary was awful. Hillary lost the election, if it wasn't her it would've been a win.
  - krapp 9y ago
    Calling Hillary the "worst Democratic candidate in history" is just a meme - she was perfectly qualified for the job, more so than Donald Trump, anyway. What she wasn't was photogenic, charismatic or capable of not coming across as "a politician" at a time when both parties were in a disgruntled, antiestablishment mood. I think she and the DNC felt it was finally "her time," and she didn't take Trump seriously, perhaps because she felt the winds of destiny were at her back. Unfortunately for her, Julian Assange decided to make it his religion to ruin her and Donald Trump happens to be very good at channeling populist antipathy. So it goes. >She had MSM, the entirety of liberal America, all major tech companies, most/all colleges, illegals voting en masse Ok. Let's go through this one by one... - The Democrats/leftists/DNC do not control the mainstream media. That's a conspiracy theory started by the right-wing fringe and Fox news, and of course, canonized by Trump and his supporters, in order to dismiss all criticism in the media as being manufactured. - The entirety of liberal America does not think and act in unison, nor were they entirely behind Hillary. Both parties were fractured this last election, and many Democrats who couldn't get Bernie wound up voting for Trump or stayed home. - All major tech companies are not liberal or leftist. There is a deep wellspring of right-wing, alt-right and libertarian ideology in tech and SV. - "most/all colleges" are also not automatically leftist. Plenty of right-wing, alt-right and libertarian ideology there as well. - "illegals voting en masse" is just a baseless conspiracy theory. You are correct that the race was Hillary's to lose. Unfortunately you couldn't resist running through the typical Trumpist hyperbole. Sad.
  - justinzollars 9y ago
    "Hillary lost because she was the worst Democrat candidate in history" Because she was a woman? I mean, in 1984 Walt Mondale got 13 electoral votes and just 37 million votes. I think this qualifies as much worse. But I get you.

throwaway2048 9y ago

i find it depressing that 90 billion dollars is only double the 4th quarter earnings.

Denzel 9y ago

I'm not sure I follow your math. Facebook had the following figures at the close of 2017 per https://investor.fb.com/investor-news/press-release-details/2018/Facebook-Reports-Fourth-Quarter-and-Full-Year-2017-Results/default.aspx https://investor.fb.com/investor-news/press-release-details/...: Earnings (Q4 2017): $4B Earnings (Y2017): $16B Revenue (Q4 2017): $13B Revenue (Y2017): $40B So, maybe you're confusing revenue with earnings (net income) and a quarter (3 months) with the entire year (12 months). Because $90B is over 20x FB's Q4 2017 earnings and over 5x their entire 2017 earnings.

crowbahr 9y ago
I messed up. I saw their Q4 revenue statement and read the year end 40B as the Q4 revenue. My bad.