So the penalty for ongoing repeated lies and fraud is.... nothing. Zero. The FTC has investigated, and the settlement is zero money and zero penalties. Not one dollar. Whew! I'm glad they were punished! They won't do THAT again! The U.S. is really in late-stage empire breakdown. I don't think there is any significant enforcement of any laws whatsoever against companies and people that are reasonably well connected. T…
On what legal basis would you expect a financial penalty for a free, voluntary-participation online service that did the things that the FTC found that Facebook did? What does the law on the subject give the FTC authority to do?
The FTC is empowered to enforce that with a variety of penalties, including extensive fines.