Now that’s gotta hurt....

[Homestar]

Even for faceplant, this has got to smart a bit - Facebook to pay record $7.1 billion fine over privacy violations (https://www.news.com.au/technology/online/social/us-slaps-facebook-with-record-71-billion-over-privacy-violations/news-story/5f859f59e517589f810201e67388df6e)

I doubt their in any financial trouble but it sends a pretty strong message about how serious the privacy violations were taken. That’s more than a slap on the wrist, even for a giant like this.

[Tombie]

Their share price went up after the fine was announced...

[Homestar]

How does that work? 🤔

[Saitch]

How does that work? 🤔

Fill in your own data[biggrin]

[4bee]

A tad less than Columbaris underpaid his staff. Not surprised his Restaurant was empty today.


Plates on tables but no bums on seats apparently.

[Ferret]

How does that work? 🤔

1 Investors were probably predicting it would be more and it turned out to be not so bad.
2 The court case is over so Facebook can get on with businesses - harvesting data for profit.

I'd guess that's how it works.

[scarry]

Little bump in the whole scheme of things for those guys no doubt.

[cripesamighty]

Over the last year or so they have been steadily hiring a bunch of anti-trust lawyers for the next round of court cases. Those are concerned with whether they are merely a platform, or are actively censoring users so are instead considered publishers. If they are found guilty, this more interesting drama has the potential to break up Google, Facebook, Twitter etc under the set of laws concerning monopolies.

[Tombie]

Just wait until their cyber currency is released...
Things will get interesting then.

[DiscoMick]

Over the last year or so they have been steadily hiring a bunch of anti-trust lawyers for the next round of court cases. Those are concerned with whether they are merely a platform, or are actively censoring users so are instead considered publishers. If they are found guilty, this more interesting drama has the potential to break up Google, Facebook, Twitter etc under the set of laws concerning monopolies.They always claim not to be able to police what people publish, probably to avoid liability, for example for live-streaming the Christchurch gunman.
In fact, they monitor posts to target advertising to match what people post about, so that shows they can supervise what people post.
If they can supervise, then they are liable as publishers. Will be interesting.

[Tombie]

Not really interesting at all.
Honestly, who cares - if you care about privacy you don’t use a site where you are the commodity being traded; simple.

Even forums are a commodity trade, more so than a community.

Privacy is a concept and on increasing levels hasn’t existed for decades.

[cripesamighty]

The problem this time is that Google insiders have released internal memos where they admit that censorship is exactly what they do. Senator Ted Cruz in gunning for them. Let's see if their investment in anti-trust lawyers muddies up the waters enough for them to get away with the bulldust that they don't censor.