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This kind of criticism is silly at best. Fines aren’t based on company revenue, they’re based on the infraction(s). And the fine isn’t the only deterrent to prevent future misbehavior. https://t.co/yfksAHJvDg
— John S. Wilson (@JohnWilson) July 12, 2019
FIVE BILLION DOLLARS is a small price for the prize of connecting the world
— Josh Elman (@joshelman) July 13, 2019
Whatever you think of Facebook or this fine, 8% of annual REVENUE is not a "parking ticket". Last year's net income was $22B. This would be over 20% of that. https://t.co/2cXBTzXhXC
— Steve Faktor (@ideafaktory) July 12, 2019
[Facebook] had more than $15bn in revenue in the first three months of 2019.
— CZEdwards (@CZEdwards) July 12, 2019
“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... https://t.co/nTu6qkQNiW
“Here’s another way to say it: the biggest FTC fine in United States history increased Mark Zuckerberg’s net worth. What lesson would you learn from that? Would anyone?” https://t.co/oCpxP0wmbE
— Casey Newton (@CaseyNewton) July 13, 2019
that a fine is record setting says much more about the FTC being asleep at the wheel for so long than it does abou the effectiveness of this agreement. We need structural changes, not just monetary fines, and a change in orientation in how companies use our data. https://t.co/5U4St8sabY
— Ari Ezra Waldman (@ariezrawaldman) July 12, 2019
Facebook's $5B FTC fine was so laughable its stock price went UP after the announcementhttps://t.co/w9aGpA7ZpI pic.twitter.com/Y67vscDDME
— Masque of the Red Death (@doctorow) July 13, 2019
I know it's in the US, but a 5bn dollar fine for activity involving Facebook and Cambridge Analytica. Obviously, nothing to see in the UK. https://t.co/bUpN3rDF99
— Graham Mead ?#RevokeArticle50 #StopBrexit #FBPE (@GrahamMead1) July 13, 2019
Facebook to be fined $5bn for Cambridge Analytica privacy violations – reports https://t.co/eQ31plij0C #auspol
— ?Discontent Gaggler ? (@MinhKular) July 12, 2019
This is HUGE: @Facebook to be fined $5bn for Cambridge Analytica #privacy violations
— Alex Kokcharov (@AlexKokcharov) July 12, 2019
https://t.co/EX4fIdvJWa
Facebook to be fined $5 billion for Cambridge Analytica privacy violations – reports
— Red T Raccoon (@RedTRaccoon) July 13, 2019
The $5B fine would be the largest ever levied by the Federal Trade Commission against a technology companyhttps://t.co/4rXlpQufY1
Facebook to be fined $5bn for Cambridge Analytica privacy violations by the Federal Trade Commission.
— Nina Schick (@NinaDSchick) July 12, 2019
Worth remembering that its adtech business model is SO successful that FB revenues for Q1 is over $18bn. $5bn ain’t nothing. https://t.co/yvj1KSUi6O
“As part of the agreement, Facebook will now reexamine the ways it handles user data, but the settlement will not restrict the company’s ability to share data with third parties, reports said”.
— Cornish Skipper #FBPE #RemainVoter ?? ?? (@CornishSkipper) July 13, 2019
Pathetic price tag on democracy. #RevokeArticle50 #StopBrexit https://t.co/QF2DGjbgqy
For those who have been worrying about #GDPR fines, don’t underestimate the FTC. —> 5 billion !!!!! https://t.co/IQISOunmA7 #privacy #cambridgeanalytica #facebook
— Jeroen Terstegge (@PrivaSense) July 12, 2019
This is Huge! If companies are still not concerned about privacy, then it's time to shut the shop. https://t.co/aSrE1ZtNU8 #Infosec #Privacy
— Virag Thakkar (@viragthakkar) July 13, 2019
Facebook to be fined $5bn for Cambridge Analytica privacy violations
— marco pierani (@pierani) July 12, 2019
The $5bn fine would be the largest ever levied by the Federal Trade Commission against a technology company https://t.co/4p5LszVL0R #MyDataIsMine #NotYourPuppets pic.twitter.com/sinZqGkwOu
Weird & extraordinary to see this. Facebook fined $5bn. As direct result of our reporting. FTC’s biggest fine ever. Yet such is scale & size of company, it means *nothing*. Stock price actually surged on news. Facebook is well & truly out of all controlhttps://t.co/gWO5RA45e5
— Carole Cadwalladr (@carolecadwalla) July 13, 2019