.png "back to home page")
i think some of the discourse around the FTC/FB settlement is misleading. first, it's more than a fine, and we've reported those details, and folks are suggesting otherwise. and second, there's a difference between a weak agency and a weak law, and us doesn't have a privacy law
— Tony Romm (@TonyRomm) July 13, 2019
Absolutely. Even $5 billion isn’t enough. Facebook facilitated the perversion of democracies across the globe and is still doing it. It, as a company, is a danger to all of us. @chrisinsilico’s revelations that led to this should have resulted in a total collapse of FB. https://t.co/EHQfKAWZT1
— Shahmir Sanni ?️? (@shahmiruk) 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
.@SenBlumenthal is purely pissed here. Calls for #FTC hearings. pic.twitter.com/tKbv2T1dmF
— Dan Stoller (@realdanstoller) July 12, 2019
This settlement is incredibly pathetic, even for supposed libertarians @FTCPhillips and Christine Wilson. They lack the integrity to even say what they really think, which is Facebook did nothing wrong. Just losers all around. https://t.co/hPHShmZCHW
— Matt Stoller (@matthewstoller) 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
the fact that fb shares surged instead of sank on the FTC news is the story https://t.co/SztA1iAyOg pic.twitter.com/qDrzaR8J4Q
— rat king (@MikeIsaac) July 12, 2019
The reaction within FB to the FTC fine of $5 billion is... relief. Relief that it is over and won’t continue to be part of the news cycle for months to come, and that the talk of directly punishing Zuckerberg was what they always suspected- a negotiation tactic.
— Sheera Frenkel (@sheeraf) July 12, 2019
The FTC are'nt your friends folks.
— Joe Ortiz (@LeoJTravis10) July 12, 2019
It's a guarantee FB will do something like this again in a year or two and you're insane if you don't believe that. https://t.co/6fVqe1fPMx
Fines don’t curb corporate malfeasance.
— Jesse Eisinger (@eisingerj) July 12, 2019
Even seemingly large ones. https://t.co/fLEDKXKPaR
facebook shares move sharply to highest price on Friday as news of a historic $5 billion fine breaks pic.twitter.com/09qogUyQ53
— dell cameron (@dellcam) July 12, 2019
The FTC just voted to let Facebook off easy with a $5 billion settlement for compromising the data of tens of millions of Americans and allowing our elections to be improperly influenced.https://t.co/N11V0yqchO
— Elizabeth Warren (@SenWarren) July 12, 2019
I have no direct knowledge but if its 3/2 and I had to guess:
— ashkan soltani (@ashk4n) July 12, 2019
1) the settlement likely absolves Facebook for conduct well beyond just Cambridge Analytica
2) the amount of direct liability on Zuckerberg is likely very limited
The FTC just slapped Facebook with a record $5 billion settlement for privacy violations.
— Geoffrey A. Fowler (@geoffreyfowler) July 12, 2019
Reminder: Facebook’s 2018 profit was a record $22 billion.https://t.co/E21UzTRYqb
The Facebook settlement shows two things. First, Congress should investigate the Federal Trade Commission and cut its budget. Second, state attorneys general like @AGKarlRacine are the only hope to enforce the law. https://t.co/KzjiB7VXpC
— Matt Stoller (@matthewstoller) July 12, 2019
'Shares of Facebook surged to $205.27 — the stock’s highest price in the past year — in after-hours trading on Friday after news of the vote became public.' says it all... https://t.co/JV2q6xrr9C
— Elettra Bietti (@Elibietti) July 12, 2019
these things will be litigated politically in the coming weeks, but it's important to be precise. i detailed the settlement more fully in a piece two months ago, and here are the additional elements on the table https://t.co/PfWPZ4QA3V
— Tony Romm (@TonyRomm) July 13, 2019
Yes. Facebook baked this penalty into the share price months ago, setting up a surge when the fine matched expectations. Facebook made back the fine in hours. https://t.co/04eglul0lw
— Siva Vaidhyanathan??? (@sivavaid) July 12, 2019
The meat of the penalty better come in other sanctions since $5B is merely what Facebook profits per quarter https://t.co/TZvghCboiU
— Josh Constine (@JoshConstine) July 12, 2019
$5 BILLION settlement tells you.
— Jason Kint (@jason_kint) July 12, 2019
(1) It was as bad as a few of us always thought it was.
(2) A lot of evidence and wrongdoing may now be buried in the past.
(3) Let's trust state AGs, SEC, others discover #2
(4) It's Friday night, I bet Facebook jumped it. https://t.co/mM3MuvUPia
Facebook did $15 billion in revenue last quarter alone https://t.co/guObIKHM2f
— nilay patel (@reckless) July 12, 2019
Less than 1/5th their operating income. What a joke. https://t.co/a6g3YC8K3d
— John S. Nash (@heynottheface) July 12, 2019
A 3-2 vote along party lines is definitely not ideal for an FTC settlement of this magnitude: https://t.co/oZkSr8n1Ss
— ashkan soltani (@ashk4n) July 12, 2019
Facebook said it may have to pay FTC up to $5 billion https://t.co/Lm8y9UV5uU now they are https://t.co/4Ibp73CC5a Key line: "A settlement is expected to include other government restrictions on how Facebook treats user privacy."
— Peter Kafka (@pkafka) July 12, 2019
Facebooks hears about the proposed Marriott #GDPR fine and says "hold my beer." pic.twitter.com/gqsRWWGagR
— Rick Holland (@rickhholland) July 12, 2019
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
FTC is a consensus based commission. Or was, anyway. This settlement is a joke. Congress is already angry at the FTC. Here's @SenBlumenthal and @HawleyMO when rumors of this pathetic settlement came out in May. https://t.co/RHCcjIyUgD https://t.co/BJFL4YeJPz
— Matt Stoller (@matthewstoller) July 12, 2019
.@MarkWarner also sounding off re: #Facebook. pic.twitter.com/eGW2IlhY1K
— Dan Stoller (@realdanstoller) July 12, 2019
In light of the news that Facebook will be fined $5 billion - here's my column from April about what *an actual penalty* would look like for Facebook. https://t.co/ABVUXnCFPj
— Charlie Warzel (@cwarzel) July 12, 2019
Facebook shouldn't be fined in cash but stock. Every fine turning over a fraction of ownership of the company to the Gov. Behave or we'll nationalise you bit by bit. https://t.co/KMjzUpkK8a
— rob manuel (@robmanuel) July 12, 2019
FTC votes along party lines to fine repeat-offender Facebook $5B for the #CambridgeAnalytica mass data abuse scandal. Additional restrictions that may be imposed have not yet been reported. #TheGreatHack https://t.co/zitzjtXLgE
— David Carroll ? (@profcarroll) July 12, 2019
Facebook is valued at $584.8 billion. The fine is less than 1% of that amount. The market responds:https://t.co/tl4MR3OBMQ pic.twitter.com/j6lVjsMvmr
— Hamza Shaban (@hshaban) July 12, 2019
Friday news dump. Also, Facebook makes $5 billion roughly every three days https://t.co/MPOZDtjGkg
— Mathew Ingram (@mathewi) July 12, 2019
In wake of record $5 billion FTC fine, Facebook's stock is very nearly at an all-time high https://t.co/Co3fbjZFAZ
— Christopher Mims ? (@mims) July 12, 2019
it is still possible that the FTC didn't do the job it could have/should have/was expected to do on facebook, but again, i just think it's much more complicated than some of the twitter pundits have presented it to be
— Tony Romm (@TonyRomm) July 13, 2019
“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
FTC votes to fine facebook 5 instagrams https://t.co/XxjXONp05E
— Richard Nieva (@richardjnieva) July 12, 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
連邦取引委員会はFacebookに対してユーザーの個人情報を誤って取り扱ったとして約50億ドルの罰金を承認した❗❗
— blue-cle (@bluecle777) July 13, 2019
https://t.co/lJDSfkrmsa
The Federal Trade Commission (FTC) have voted this week to fine Facebook approximately $5 billion for mishandling users’ personal information. This sends out a clear message that violating user #privacy can and will be punished. #dataprotection https://t.co/4tPSHdpync pic.twitter.com/bMgOGbhier
— Access Now (@accessnow) July 12, 2019
NYT: FTC Approves $5 Billion Fine Of Facebook For Mishandling Personal Information; Biggest Fine By Far, Eclipsing $22Mil Fine On Google In 2012https://t.co/e5QaaoeAvA#FBRParty #BlueWave2020 #RESISTANCE #VoteBlue2020 #TheResistance #Uniteblue #BlueWave #VetsResistSquadron
— Finding Veracity (@FindingVeracity) July 12, 2019
Federal Trade Commission voted this week to fine Facebook about $5 billion for mishandling users’ personal information, according to two people briefed on the vote. https://t.co/FkjjbpWQRn
— ???????? (@DemocracyJourno) July 12, 2019
same here-- to the extent that a fine with anemic other restrictions (ie, the kind the dems would dissent to) is 'newly aggressive,' it's only because of how torpid the FTC has been in the face of large-scale, widespread, venal conduct for so long. https://t.co/ewEClGSvqr pic.twitter.com/3TL1cv0bQy
— Lindsey Barrett (@LAM_Barrett) July 12, 2019
F.T.C. Approves Facebook Fine of About $5 Billion https://t.co/OM8qbv5Adq
— Mike Cernovich (@Cernovich) July 12, 2019
FTC approves $5 billion fine for mishandling users’ personal information. This is the biggest fine by far levied by the federal government against a technology company, bigger than the $22 million imposed on Google in 2012. https://t.co/zNCKRluxN8
— Casilli (@AntonioCasilli) July 12, 2019
@ceciliakang reports that FB may accept some new oversight but no restrictions on data collection and sharing, partly why the two Dem commissioners voted against the settlement. It’s weak sauce. https://t.co/xDaePbLscW
— David Carroll ? (@profcarroll) July 12, 2019
Thank you Facebook for bringing the country together. We all hate youhttps://t.co/QFaxrtt6oh
— Pags (@pagnetti) July 13, 2019
F.T.C. Approves Facebook Fine of About $5 Billionhttps://t.co/wMRGclE4Ih via @nytimes
— Patrick Gaspard (@patrickgaspard) July 12, 2019
As this story notes, we shouldn’t be fooled by the size of this fine. It may be a record for the timid FTC, but $5 billion is chump change for Facebook, which had $15 billion in revenue last *quarter*. Only a breakup, or new governance, or strong regulation, will matter. https://t.co/FnpH99UaP4
— Walt Mossberg (@waltmossberg) July 13, 2019
Facebook’s $5 Billion Fine Is Historic. It May Also Be a Slap on the Wrist. The fine is large, but there are signs Facebook may have evaded stricter new rules. https://t.co/5mVB6RXmlT via @slate @aprilaser
— Matthew Rimmer (@DrRimmer) July 12, 2019
FTC Fines Facebook $5 Billion, which is a record fine for sure, but they’ve neglected to actually FIX the problem.
— Belinda Barnet (@manjusrii) July 12, 2019
“None of the conditions in the settlement will restrict Facebook’s ability to collect and share data with third parties.” https://t.co/7lbQVNUtJh
FTC reportedly approves $5B settlement with Facebook https://t.co/pcoJS8ZVz8 by @stephcondoncbs
— ZDNet (@ZDNet) July 12, 2019
Facebook has been slapped with a massive fine that won’t hurt it in the slightest https://t.co/vofbQLQiNp
— Quartz (@qz) July 12, 2019
a completely normal and sane reaction to the largest fine the FTC has ever handed out to a tech company https://t.co/oAjWvbi7tM pic.twitter.com/QLtdk6fF1z
— Mike Murphy (@mcwm) July 12, 2019
Facebook’s $5 billion FTC fine is an embarrassing joke https://t.co/n8J6Qcyfm3 via @Verge
— Matthew Rimmer (@DrRimmer) July 13, 2019
Facebook’s $5 billion FTC fine is an embarrassing joke - The Verge https://t.co/jukONjBmIY > Facebook gets away with it again
— PrivacyDigest (@PrivacyDigest) July 13, 2019
FTC slaps Facebook with long-awaited $5 billion fine for privacy violations https://t.co/CMsNyqvwoo pic.twitter.com/A9oaVO6QFC
— John Lincoln (@johnelincoln) July 13, 2019
Facebook 'to be fined $5bn over Cambridge Analytica scandal' https://t.co/52rr8jw3r2
— Mutlu Civiroglu (@mutludc) July 13, 2019
Facebook nailed with a game-changing, extremely painful.... checks notes.... slap on wrists and strong talking to by the FTC in a party-line vote where all of the Republicans decided to let Zuckerberg off the hook for throwing the 2016 election to Trump.https://t.co/nI3mp9PXYS
— Grant Stern (@grantstern) July 13, 2019
BBC News - Cambridge Analytica: 'US regulators approve $5bn Facebook fine' https://t.co/gbuWQ9N04Y
— TRUMP MOVEMENT (@TRUMPMOVEMENTUS) July 13, 2019
$5 billion FTC fine with no apparent additional strictures is „a mosquito bite to a corporation like Facebook” https://t.co/GgVw5VvpPR
— Frank Bajak (@fbajak) July 13, 2019
Facebook will reportedly be fined a record $5 billion over privacy mishaps https://t.co/dxmtempCyF
— Tactical Tech (@Info_Activism) July 13, 2019
Fuck facebook
— l̴o̴o̴p̴u̴l̴e̴a̴s̴a̴ (@loopuleasa) July 13, 2019
"Facebook will reportedly be fined a record $5 billion over privacy mishaps"https://t.co/WhzCCqNtGT
Facebook will reportedly be fined a record $5 billion over privacy mishapshttps://t.co/L1CYhy7LsE
— Shubhra D (@ShubhraDalakoti) July 13, 2019
#Facebook will reportedly be fined a record $5 billion over privacy mishaps https://t.co/ma1CuPtQSY pic.twitter.com/c11I2sj5uA
— Rich Tehrani (@rtehrani) July 13, 2019
‘Here’s another way to say it: the biggest FTC fine in United States history increased Mark Zuckerberg’s net worth.’
— Carole Cadwalladr (@carolecadwalla) July 13, 2019
It really is amazing. I think this might be the moment we later realise that Facebook broke the American dreamhttps://t.co/jcfsDajMtV
This is exactly why enforcement in the digital world cannot be done with laws but must be built into the technology. https://t.co/yzHONst8IF
— Gen (Ret) Rob Spalding (@robert_spalding) July 13, 2019
Facebook’s $5 billion FTC fine is an embarrassing joke https://t.co/sNsTPlI3ni pic.twitter.com/3gdGCjL3bF
— The Verge (@verge) July 13, 2019
Wish India too investigates privacy concerns of Facebookhttps://t.co/7Vp1pIiQog
— Siddarth Pai (@siddarthpaim) July 13, 2019
WHAT is the government going to do with all this Facebook money? If they gave it to every single American, everyone would be entitled to about $15,000! And I think only those not wealthy should get it! Then even more!! https://t.co/7otjDC94PD
— Perez (@ThePerezHilton) July 13, 2019
As I had previously written, a parking ticket and no rules: “But none of the conditions in the settlement will impose strict limitations on Facebook’s ability to collect and share data with third parties.” F.T.C. Approves Facebook Fine of About $5 Billion https://t.co/mDdyCX8rYt
— Kara Swisher (@karaswisher) July 13, 2019
1. Good.
— LibrarianShipwreck (@libshipwreck) July 12, 2019
2. Though this sounds like a lot, it’s pocket change to Facebook.
3. A fine like this is not a substitute for serious regulation and/or breaking up Facebook.
4. The problem with Facebook is still Facebook.https://t.co/cxyyuafMjS
F.T.C. Approves Facebook Fine of About $5 Billion https://t.co/84fUp3uCDN
— Terry McMillan (@MsTerryMcMillan) July 13, 2019
Facebook has been slapped with a massive fine that won’t hurt it in the slightest https://t.co/LMv2err9LK $5 billion fine is less than 1% of its roughly $580 billion market capitalisation! #privacy
— Achim J. Müllers (@AchimMuellers) July 13, 2019
"Investors responded positively to the news, pushing @Facebook shares up 1.8%."
— Boring AI Now! (@Boring_AI) July 13, 2019
Like a middle-aged white man Facebook continues to fail up. #thebadplacehttps://t.co/uZNpbUrwra
Facebook to be fined a record $5 billion over Cambridge Analytica scandal. https://t.co/YwwqM9YRZM
— Amarnath Amarasingam (@AmarAmarasingam) July 13, 2019
Facebook 'to be fined $5bn over Cambridge Analytica scandal'
— Milind Khandekar (@milindkhandekar) July 13, 2019
CA had access to the data of millions of users, some of which was allegedly used to psychologically profile US voters and target them with material to help Trump's 2016 presidential campaign.
https://t.co/axCPAU9oaD
BBC News - Cambridge Analytica: 'US regulators approve $5bn Facebook fine' https://t.co/fYIQI1T6eK
— Robert Pemberton ⚡? (@pembertonrob) July 13, 2019
#Gdpr finally catches up with facebook with massive fine issued.@robmay70https://t.co/DL4c4BlpH1
— Delsec21 (@delsec21) July 13, 2019
Facebook 'to be fined $5bn over Cambridge Analytica scandal' https://t.co/umLNSs5lLX
— Prof. Barry O'Sullivan, MRIA (@BarryOSullivan) July 13, 2019
Facebook 'to be fined $5bn over Cambridge Analytica scandal' https://t.co/f2rXKhN2m0
— Nasidi Adamu Yahaya (@Nasidi_Kura) July 13, 2019