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That fine is a joke. They make like 5x that amount every month.
That fine is a joke. They make like 5x that amount every month.
That fine is a joke. They make like 5x that amount every month.
A lot of the terms of the settlement deal with organizational changes, but when you look at the very specific privacy restrictions that Facebook agreed to, it's really, really problematic stuff: * Facebook is prohibited from using telephone numbers obtained to enable a security feature (e.g., two-factor authentication) for advertising; * Facebook must provide clear and conspicuous notice of its use of facial recognit…
Whatever privacy review Facebook was undergoing like once a year was done by a private firm that Facebook could pick and then have to pay. So is it any wonder that those so-called privacy auditors have found nothing wrong with Facebook so far in 8 years? (even as the privacy scandals and Facebook's apologizing perpetuated in the media).
These types of settlements are a joke. There's zero doubt in my mind Facebook already has a plan for how to work around these restrictions and do 90% of what it's already been doing anyway.
As a side-note, does anyone still believe Facebook was genuine about getting Facebook female users' naked pictures "to protect them from revenge porn" genuine?
They've already lied about collecting the phone numbers and facial recognition as being used for security. And those were obvious lies to me from day one, too. Pretty much every new feature Facebook launches that seems good for users has an undertone of "...and this is how we'll track you now."
I realize that misses FB willfully doing what they did and Equifax not intending to be hacked, but for me my consent is equal or more important than what the holders of the data did after they had it.
Let's say I send a saucy picture to a friend and s/he shoots it all around to show off his/her banging bodied boyfriend (that being the "profit" factor). Now let's say a stranger finds my lost phone, gets the picture off the SD card with intent to use it for some personal gain, and through some series of events that gets leaked. Who did worse, the friend sharing the data I gave to them, or the stranger who got it without permission? Missing from this is Equifax had a lot more sensitive information than I put on FB.
A lot of the terms of the settlement deal with organizational changes, but when you look at the very specific privacy restrictions that Facebook agreed to, it's really, really problematic stuff: * Facebook is prohibited from using telephone numbers obtained to enable a security feature (e.g., two-factor authentication) for advertising; * Facebook must provide clear and conspicuous notice of its use of facial recognit…
That fine is a joke. They make like 5x that amount every month.
5B is one time 25% (or 9% of 55.8B revenue) tax. It's a far cry from a joke; certainly it's higher than AZ or other members of FAANG pay, while not outright terrible.
>Facebook must exercise greater oversight over third-party apps, including by terminating app developers that fail to certify that they are in compliance with Facebook’s platform policies or fail to justify their need for specific user data; >Facebook is prohibited from using telephone numbers obtained to enable a security feature (e.g., two-factor authentication) for advertising; >Facebook must provide clear and con…
So does this in theory apply just to the data of FB users who are American citizens (although I guess practically it may not be feasible for FB to treat non-American user data differently)?