5 ms·
Every single company that collects, stores and uses any personally identifiable information should be deterred from abusing their privilege of doing so.
by jachee 7y ago
Every single company that collects, stores and uses any personally identifiable information should be deterred from abusing their privilege of doing so.
- tptacek 7y agoYes, and how does a $5B fine not accomplish that? It's not like any smaller company can look at this and say "well, the total valuation of all firms pursuing these activities is larger than the fine, so it's rational to continue doing that". By all means, fine every company that does this $5B, though.
- ionised 7y agoIt may deter smaller firms. It's won't deter Facebook.
- tptacek 7y agoWhy won't a $5B fine deter Facebook? That's a huge amount of money, even to Facebook. More importantly: it is almost surely a giant multiple of the revenue Facebook obtained from the specific behavior that violated the consent decree.