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Thread: Now that’s gotta hurt....

  1. 25th July 2019, 11:56 AM #1
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    Now that’s gotta hurt....

    Even for faceplant, this has got to smart a bit - Facebook to pay record $7.1 billion fine over privacy violations

    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.
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  2. 25th July 2019, 07:02 PM #2
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    Their share price went up after the fine was announced...
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  3. 25th July 2019, 07:10 PM #3
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    How does that work? 🤔
    If you need to contact me please email homestarrunnerau@gmail.com - thanks - Gav.
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  4. 25th July 2019, 07:21 PM #4
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    Quote Originally Posted by Homestar View Post
    How does that work? 🤔
    Fill in your own data
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  5. 25th July 2019, 07:28 PM #5
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    A tad less than Columbaris underpaid his staff. Not surprised his Restaurant was empty today.


    Plates on tables but no bums on seats apparently.
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  6. 25th July 2019, 07:33 PM #6
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    Quote Originally Posted by Homestar View Post
    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.
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  7. 25th July 2019, 07:39 PM #7
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    Little bump in the whole scheme of things for those guys no doubt.
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  8. 25th July 2019, 07:57 PM #8
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    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.
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  9. 25th July 2019, 08:29 PM #9
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    Just wait until their cyber currency is released...
    Things will get interesting then.
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  10. 25th July 2019, 09:06 PM #10
    DiscoMick Guest
    Quote Originally Posted by cripesamighty View Post
    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.
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