I've always wondered in cases like these what they actually DO with the money after they fine huge companies like this... As in, how would they remedy the damage? Would they use it to go after companies that made money off of people's personal data or make them develop better privacy features or what else?
Two senators say a $5B fine isn’t enough to punish Facebook
21–30 of 117 posts
Re: Two senators say a $5B fine isn’t enough to punish Facebook
#22These two are former state AGs and IMHO their kind should be barred from being part of any important deliberative body, they are prosecutors with strictly punitive mindset in a legislative body that is also supposed to encourage entrepreneurship and look after national interests, and at any rate everyone should be wary of grandstanding and populist pronouncements by elected officials. P.S State AG should not be an el…
Nice ad hominem fallacy you got there
Re: Two senators say a $5B fine isn’t enough to punish Facebook
#23I've always wondered in cases like these what they actually DO with the money after they fine huge companies like this... As in, how would they remedy the damage? Would they use it to go after companies that made money off of people's personal data or make them develop better privacy features or what else?
> I've always wondered in cases like these what they actually DO with the money after they fine huge companies like this... As in, how would they remedy the damage? Would they use it to go after companies that made money off of people's personal data or make them develop better privacy features or what else?
The answer is but a Google away: except for the CFPB, the money goes to the same place your tax checks go: into "the U.S. Treasury for general use."
https://www.nbcbayarea.com/news/local/Where-Do-Those-Huge-Fe...:
Re: Two senators say a $5B fine isn’t enough to punish Facebook
#24Earlier quoted context omitted.
If you look at conservative opinion formers, like Tucker Carlson, they're talking about breaking up major firms and so on. I think the ideology that was pro-oligarchy died on both the left and right in 2008, and only the most diehard centrists are believers in it
Really? That really surprises me given the free market arguments that he and others bring. Do you happen to have a specific example of him arguing this?
The idea is that the large tech companies are overwhelmingly staffed and lead by people who qualify as the political left by American standards. As Breitbart said, "Politics is downstream from culture." - so if you have the most important communications platforms the world has ever seen all privately owned and operated by "the left", that sounds like a bad thing if you're on "the right", because they can shape discourse however they want - either overtly by banning people for bad politics or covertly by shadowbanning and otherwise muting popular voices with undesirable opinions. Imagine if Google/Facebook/Twitter were owned by the Koch brothers and staffed by members of the Federalist Society and Heritage Foundation - people on the left would be doing the same thing Tucker Carlson is doing.
Re: Two senators say a $5B fine isn’t enough to punish Facebook
#25Earlier quoted context omitted.
If you look at conservative opinion formers, like Tucker Carlson, they're talking about breaking up major firms and so on. I think the ideology that was pro-oligarchy died on both the left and right in 2008, and only the most diehard centrists are believers in it
Really? That really surprises me given the free market arguments that he and others bring. Do you happen to have a specific example of him arguing this?
they only believe in free market as far as it benefits their corporate sponsors and private interests. As soon as it helps people that are not them (or look like them) they change their tune instantly.
They are hypocrites.
Re: Two senators say a $5B fine isn’t enough to punish Facebook
#26my cynical side says there is more to this.
I think FB is a major threat to the distribution of news that is mostly owned and controlled by the mainstream media owners.
I think this is all part of forcing FB to come to the negotiation table, and negotiate banning more independent information sources to make these fines go away.
Re: Two senators say a $5B fine isn’t enough to punish Facebook
#27Original letter from the senators to the FTC chairman here [PDF]: https://www.blumenthal.senate.gov/imo/media/doc/5.6.19_Lette...
Re: Two senators say a $5B fine isn’t enough to punish Facebook
#28my cynical side says there is more to this. I think FB is a major threat to the distribution of news that is mostly owned and controlled by the mainstream media owners. I think this is all part of forcing FB to come to the negotiation table, and negotiate banning more independent information sources to make these fines go away.
Good take. It's a shakedown of epic proportions. Government wants to pierce their 'corporate veil'. I'm not a Facebook fan, but I hope they don't.
Re: Two senators say a $5B fine isn’t enough to punish Facebook
#29Earlier quoted context omitted.
Really? That really surprises me given the free market arguments that he and others bring. Do you happen to have a specific example of him arguing this?
they only believe in free market as far as it benefits their corporate sponsors and private interests. As soon as it helps people that are not them (or look like them) they change their tune instantly. They are hypocrites.
I agree only as far as those entrenched in Washington DC.
But would argue 'grassroots' conservatism believes state favored corporations, regardless of ideology, are anti free market.
Re: Two senators say a $5B fine isn’t enough to punish Facebook
#30Earlier quoted context omitted.
Really? That really surprises me given the free market arguments that he and others bring. Do you happen to have a specific example of him arguing this?
The idea is that the large tech companies are overwhelmingly staffed and lead by people who qualify as the political left by American standards. As Breitbart said, "Politics is downstream from culture." - so if you have the most important communications platforms the world has ever seen all privately owned and operated by "the left", that sounds like a bad thing if you're on "the right", because they can shape discou…
>The idea is that the large tech companies are overwhelmingly staffed and lead by people who qualify as the political left by American standards.
they're certainly left of fox news, though i wouldn't call fox news "leftist"