That is a terrible example. Not only did Facebook's stock price increase after the FTC settlement,[1] which suggests that Facebook paid too small of a penalty f

That is a terrible example. Not only did Facebook's stock price increase after the FTC settlement,[1] which suggests that Facebook paid too small of a penalty for violating user privacy, but Facebook shareholders also filed a lawsuit last month alleging that the $5 billion payment in the settlement was structured to shield Zuckerberg from being deposed.[2] Had there not been this alleged quid pro quo, Facebook's penalty would have been even smaller. Nobody should believe Facebook's privacy promises when the largest penalty it has ever received for profiting from user privacy violations over many years equates to one month's revenue. The incentives are simply not strong enough for Facebook to be a good actor in this area. [1] https://www.theverge.com/2019/7/12/20692524/facebook-five-billion-ftc-fine-embarrassing-joke https://www.theverge.com/2019/7/12/20692524/facebook-five-bi... [2] https://www.politico.com/news/2021/09/21/facebook-paid-billions-extra-to-the-ftc-to-spare-zuckerberg-in-data-suit-shareholders-allege-513456 https://www.politico.com/news/2021/09/21/facebook-paid-billi...