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>Out of curiosity, how much do you think would an appropriate fine be? Well its not their first fine for improper sharing of user data. So what is the goal of
by throwaway_tech 7y ago
>Out of curiosity, how much do you think would an appropriate fine be?
Well its not their first fine for improper sharing of user data.
So what is the goal of the fine? Is it to prevent bad behavior, if so, the prior and current fines taken together have failed. Is the goal to punish FB monetarily for bad behavior? If so, the fine has failed and FB is actually being financially rewarded because the financial gain exceeds the fine.
A FB user's worth to the company is $158/user. FB shared data of 440,000 users...so at minimum the fine should be $139 Million or 2x the value of each user FB. Now that is just the fine for improper data sharing by the regulator...each actual victim should also be able to privately sue FB (or collectively in a class action) for actual damages. You may say that is outrageous, but guaranteed FB would still turn around and abuse user data willfully in the future.