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While it's very sad to hear this staggering sum called a 'rounding error' and a blip on Facebook's radar, I'm still happy about this news. It shows that fightin
by ConsiderCrying 7y ago
While it's very sad to hear this staggering sum called a 'rounding error' and a blip on Facebook's radar, I'm still happy about this news. It shows that fighting back legally is possible so the day we all have to wear recognition-scrambling patches is not as nigh as it could be. Just wish other places would amp up their privacy laws so Facebook would get more than occasional slaps on the wrist.
- gowld 7y agoIt's not a blip. It's part of a pattern including GDPR fines that has a certain weight. At the end of the day any fine hurts shareholders at least a little but even if fines get so high that profit is decimated and stock plunges, as long as incurring fines is more profitable than other business tactics, and there is enough free cash flow to make liquidation unprofitable to private equity / corporate raiders Facebook will continue operating as it does. Same as for any business.