❗️ #FACBEOOK FINED Record breaking $5 Billion by FTC for Cambridge Analytica #PRIVACY Violations - Reports
▪️Multiple Reports citing anonymous sources familiar with the matter, reported Friday afternoon that the settlement was approved by a 3-2 vote that broke along party lines. The justice department is expected make a final approval of the #fine, a record beaking against a tech company
▪️Critics say the changes required of Facebook are not substantial enough, and the fine will hardly make a dent in Facebook’s bank account. The company had more than $15bn in revenue in the first three months of 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 who specializes in monopoly power.
🌐 Read
🌐 Wall Street Journal
🌐 Washington Post
🚀 Adopt Android Privacy > Go NoGapps
▪️Multiple Reports citing anonymous sources familiar with the matter, reported Friday afternoon that the settlement was approved by a 3-2 vote that broke along party lines. The justice department is expected make a final approval of the #fine, a record beaking against a tech company
▪️Critics say the changes required of Facebook are not substantial enough, and the fine will hardly make a dent in Facebook’s bank account. The company had more than $15bn in revenue in the first three months of 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 who specializes in monopoly power.
🌐 Read
🌐 Wall Street Journal
🌐 Washington Post
🚀 Adopt Android Privacy > Go NoGapps