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It's 1/4 of their annual net income. It's far from a joke, but it is true that it isn't ruinous.
by ijpoijpoihpiuoh 7y ago
It's 1/4 of their annual net income. It's far from a joke, but it is true that it isn't ruinous.
- peteretep 7y agoDepending on their profit margin, although I suspect it's bigger than 25%
- snvzz 7y agoIt's basically nothing, compared to what they gain from not giving a damn about privacy. Which they'll continue to do.
- SpicyLemonZest 7y agoIs there a specific amount you think they gain from not giving a damn about privacy? $5B is a lot of money! I worry that if you think it's "basically nothing", you would've thought that no matter how much it was.
- snvzz 7y agoFacebook's whole business model is to not give a damn about privacy. Thus, all the money they make. All of it. The FTC now takes a small portion. See Facebook care. (not)
- SpicyLemonZest 7y agoBut you're equivocating here. They're allowed to not give a damn about privacy in the broad sense you're using; the FTC fined them only for the small subset they weren't allowed to do. If you think the government ought to just ban Facebook, sure, whatever, but that's not the FTC's job.