What the FTC's Crackdown on Facebook Means for User Data | WSJ

Facebook must pay a $5 billion fine after the FTC found the social media company deceived users and improperly managed their personal data. Under the settlement, Facebook is also subject to stricter oversight on how it manages user data. WSJ explains what that means for users.

Photo: Andrew Harnik / Associated Press

#WSJ #Facebook #DataPrivacy

[mnguyea]

$6 billion is a drop in the bucket for FB. They should be fined per each user where it would hit them hard. Only than will they actually do anything.

[johngablesmith]

I’m sure the revenue they received from 3rd parties far exceeds $5bn.

[Hallands.]

The should've fined Facebook for 15 – 30% of a years profit to make it count.

[XxvaxionxX]

Only applies to around 190 million US facebook account.
They have more than 2.3 billion active users from around the world. That will fuel their data hunger.

[g]

They should fine Mark Zuckerberg $5 billion personally.

[homewall]

Why tax citizens if we can just fine the rich?

[Memetokentvnetwork]

Class action suit just like what Equifax is going through now. They were hacked and didnt tell the clients until sometime had passed.

[YavinPrime]

I solved that problem this year... I deleted my face book. Honestly it felt good and I have a sensation of being "freed".

[IamRanJos]

Facebook has the right to be forgotten.

[CJinsoo]

Should have fined them$1 Trillion, and have the owner receive all the world’s robo-calls for a decade. Only then will they learn!

[AdamMShorts]

They should fine him more, so he can’t keep preventing other social medias (like onAire) from growing.

[audschaeffer]

Big duh folks!! Will FTC collect $$$? Whose next on this type of platform???

[macadarco]

Rule number one seems the most fragile. Unless the standard of “need of data” is set by trustable organization or collective user survey.

[Logansworld]

Serious inquiry here...why has Facebook not been shut down altogether?

[specialized]

And what about Google, YouTube, Twitter.?? It's No only FB. . . Now Google and YouTube have abusive advertising campaign. And we don't have control (of don't want to see) of this abusive advertising campaign, if you don't like one advertising they change for another. I feel bullying for this adv/commercials. When the ads appear I close the video. And continue search for a video with Ads. If not I move to other place like Vimeo or Daily Motion. . . Forget YouTube.

[humberabdulah]

the biggest revenue of facebook came from intagram

[winstonsingh]

I don’t understand why everyone wants these tech companies regulated nothing is free