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Facebook to be fined $5bn for Cambridge Analytica privacy violations – reports
- ToFab123 7y ago> “This isn’t a fine, it’s a favor to Facebook, a parking ticket which will clear them to conduct more illegal and invasive surveillance,” said Matt Stoller, a fellow at the Open Markets Institute who specializes in monopoly power.
- jjeaff 7y agoThat's a mighty large parking ticket. Equivalent of around 20% of annual net income for Facebook. That would be like your average American making $50k a year getting a parking ticket for $10,000. But the real question is whether Facebook earned more from the specific bad behavior than the fine. Which I think would be hard to know without a lot more information.
- greenyoda 7y agoPrevious discussion: https://news.ycombinator.com/item?id=20423819 https://news.ycombinator.com/item?id=20423819
- TadaScientist 7y agoNot a fine. A settlement pat on the back.
- wpskidd 7y agoLet’s see what they actually end up paying.