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Key points: - This is the largest FTC fine in history - It's 1 month's revenue for Facebook - After news broke, Facebook's stock went up

• easytiger 7y ago
  It's also still not clear to me what the fine was for. What did Facebook do incorrectly and what law did they break?
  • pgnas 7y ago
    Facebook gave away user data without permission, the very same thing it continuously promised to not do. Now that they know where the bar is placed, I am sure they will up the ante.. Just the price of doing crooked business.
    • easytiger 7y ago
      No. I'd like to know on a technical level what was done. Anyone can scrape this information on users, they're friends and so on asking as persons made it public. The government does this at scale
• willio58 7y ago
  Of course their stock went up, stockholders continue to be shocked at just how little backlash there is from the US Government. Sometimes I think we forget how greedy people become in our country, and how that perpetuates inadequate justice in cases such as this or the many bank-related catastrophes in the past few years.