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Another entry in the ongoing series: A corporation is a kind of polity, not a kind of private property. https://t.co/DYiwEKxcjz pic.twitter.com/cfN59IcXwv
— JW Mason (@JWMason1) July 24, 2019
Any failure to prevent or mitigate improper access to or disclosure of this newsletter could result in the loss or misuse of such newsletter, which could harm my business and reputation and diminish my competitive position. https://t.co/QETmNxzlZw
— Matt Levine (@matt_levine) July 24, 2019
This is very disappointing. This settlement does nothing to change Facebook’s creepy surveillance of its own users & the misuse of user data. It does nothing to hold executives accountable. It utterly fails to penalize Facebook in any effective way. https://t.co/kJjGwUNiRv
— Josh Hawley (@HawleyMO) July 24, 2019
“The fact that Facebook’s stock value increased with the disclosure of a potential $5 billion penalty may suggest that the market believes that a penalty at this level makes a violation profitable.”
— Erika Johnson (@erikamjoh) July 24, 2019
This is deeply disturbing.https://t.co/tpFhxbOdK7
FTC slaps #Facebook with record $5 billion fine, orders privacy oversight https://t.co/KNLn0GOYqk $SLV $GLD $QQQ $DJIA $DIA $SPY #stockmarket #commodities #investing #finance #stocks #gold #silver $FB $TWTR $AAPL $AMZN $TSLA $INTC $AMD $NFLX
— David Moadel (@davidmoadel) July 24, 2019
Here it is: FTC officially announces its settlement with Facebook > https://t.co/2C9aGPU15q
— Mary Catherine (@mcwellons) July 24, 2019
I've never really understood the purpose of fines, specifically for companies who can easily make more money.
— Jody Simpson (@TheJodySimpson) July 24, 2019
And then this $5B goes into the federal budget. So the message here is you can violate 10x, just make sure you budget for it. https://t.co/UydccdaKoR
#FTC slaps #Facebook with a record $5 billion dollar fine - orders #privacy oversighthttps://t.co/IWB6iboxuU#cybersecurity #databreach #security #socialmedia #Zuckerberg CC:@YuHelenYu @mclynd @ChuckDBrooks @ipfconline1 @jblefevre60 @sarbjeetjohal @SpirosMargaris @Kevin_Jackson pic.twitter.com/NgXcF2VkjN
— Shira Rubinoff (@Shirastweet) July 25, 2019
5 billion is a hefty fine, even for Facebook. Maybe this will humble the Zuck a bit. https://t.co/AO7DMgK0TV
— Shameen ?️ (@ShameenYakubu) July 24, 2019
Facebook recouped more than what it will have to pay out for the FTC settlement through what it gained in market value today. The stock added $6 billion to its market cap. $FB https://t.co/AiqAJInAZ6
— Lauren Feiner (@lauren_feiner) July 24, 2019
The FTC formally approves a $5B settlement with Facebook over privacy violations, the largest FTC fine against a tech company in history. https://t.co/mWihTJTp6J
— Dunny (@BitcoinDunny) July 24, 2019