Originally published at: https://boingboing.net/2019/04/24/facebook-expects-up-to-5-bill.html
$5 billion is about one month’s revenue for Facebook.
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Mark Zuckerberg walks into FTC headquarters, passes a leather briefcase across the table.
Zuckerberg: “So we’re good?”
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Try “roots around in his pockets for a few seconds”.
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/grumpycatgood
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How about…they have to give $5billion to fund a non-profit foundation chartered to operate a non-profit distributed social network.
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what is that … $17.00 per US resident ? And the average US facebook account makes facebook average ~$200/year ?
weird.
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Where did you get that figure?
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The $5 Billion fine amounts to a month’s revenue? Well then.
I’m still waiting for a FB alternative ]:
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When you crunch the numbers, Hogan said, the average American Facebook user is worth about $200 a year.
Note that the point of the article is the high dollar variability in profile value.
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OK, I kinda thought that’s how someone had probably done the math. That’s pretty sloppy. I would be shocked if the “average” American Facebook profile made them $200/year (note that “average” itself can mean several things, and the way the article does the math is in some ways least like how things really work, in a way most humans would relate to).
But then again, I’m sure I make a lot of ad impressions per year on FB, even if I have mostly blocked out (mentally) internet advertisements. I do not use an ad-blocker, because until a few days ago I’ve been in the M&E space for many years, and you know.
Just look at online ad CPMs, and see if that makes any sense.
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How about they give 5 billion to MySpace just for spite and irony?
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Facebook reaches into its jeans pocket and pulls out $3Billion in loose change, some lint, and a used battery.
“Here ya go little buddy. Let’s call it a compromise and I won’t do it again, promise.”
Facebook laughs maniacally as it walks away.
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… casts loose change contemptuously across the tabletop, then stalks out as the FTC goes down onto hands and knees.
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Well, naturally. by taking a 5 billion dollar hit they’ve proven their willingness to create “value” at the expense of human beings. That’s kinda like eating a dog turd to get into a frat.
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So it’s less like a fine, and more like a tithe. Written off as the cost of doing business the way they want to do business.
I hope if the day comes when they hand over the check, they wink and tap their nose.
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Fines are a (tax deductible!) cost of doing business.
Prison time for C-suite execs, or nothing changes.
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