Originally published at: https://boingboing.net/2019/07/24/facebook-must-also-pay-sec-10.html
The $5 billion FTC fine isn’t the only fine Facebook must pay.
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$5 billion (with a B 
) is about a quarter of one quarter’s revenues.
$100 million isn’t even a wrist-slap.
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Who gets the millions/billions? The users who’s data was misused? Nope.
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Surely they’ve learned their lesson. I can’t imagine they’ll continue to misbehave, or… you know… budget for future fines. We are entering a new age, everybody. Rejoice.
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Waiting for a shareholder to point out that for a fraction of the fine they could have had a couple of laws made to order to make their shenannigans legal.
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Zuck to SEC: Stand still while I piss on your shoes and laugh hysterically.
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