Discuss: Facebook's Record-Breaking Fine

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July 25, 2019 at 05:06:03
Specs: Windows 10, 1.4 GHz / 5610 MB
Hi all,

This week's poll question is about news that Facebook will pay a fine of $5 billion for its privacy breaches. Discuss here if you think this fine will dramatically change the company, and, if you like, the poll results themselves.

Thanks,
Justin


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#1
July 25, 2019 at 06:59:08
I think it could well dramatically change the company if this sort of thing persists because they rely on private information to make massive profits.

Always pop back and let us know the outcome - thanks


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#2
July 25, 2019 at 07:00:14
Pea nuts for Facebook. I read recently that they had already planned for (quite a while back) and put aside the money they have to pay. These sites have one interest only - the bottom line each year.The more money they can make - regardless of how... - the better the owners feel.

Quite why pholks go for these sites (as previously observed) is beyond the ken of anyone with even a few fully functioning gray cells.

message edited by trvlr


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#3
July 25, 2019 at 07:58:05
One interesting part of the settlement:

"CEO Mark Zuckerberg will also have to personally attest each quarter that Facebook abides by its privacy programs. If he falsely attests to that, he could be liable for criminal or civil penalties"

Not sure it would ever be enforced.

MIKE

http://www.skeptic.com/


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#4
July 25, 2019 at 20:35:15
"The history of the Future" - Harris, Blake J.
Good read, and reflects on Facebook's philosophy and tactics. I can't judge.
Where is VR now? Best wishes and hopes for Palmer Lucky et al.

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#5
July 26, 2019 at 01:01:09
We have similar Penalties in the UK now.

However, as in the Case of Facebook, the Companies fined were not the Perpetrators.

This seems like targeting the Homeowner instead of the Burglar.

Am sure the Companies take precautions, but 'The higher the Wall, the longer the Ladder someone will construct to climb over' holds true.

Regards - Mike


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