The Federal Trade Commission’s reported deal to settle its investigation into Facebook’s alleged privacy violations looks like little more than a slap on the wrist.
The settlement’s reported $5 billion fine, while a large amount to most people, isn’t all that much to Facebook, which generates that much cash every 49 days.
The deal would be further indication for CEO Mark Zuckerberg that normal rules don’t apply to him or his company.
Visit Business Insider’s homepage for more stories.
Mark Zuckerberg must be feeling a bit like President Donald Trump now.
During the 2016 presidential campaign, a confident Trump famously said that he could shoot someone on Fifth Avenue in New York and “wouldn’t lose any voters.”
After the news Friday that the Federal Trade Commission is close to finalizing a settlement with his company for a mere $5 billion, Zuckerberg has got to be feeling similarly untouchable. If, after all the privacy and security fiascos Facebook admitted to over the last two years — including, but not limited to, the Cambridge Analytica scandal — it gets off with such a small penalty, he’s got to think he probably could get away with murder.
Read this: The FTC has …read more
Source:: Businessinsider – Politics