Five billion dollars. That’s how much Facebook will have to fork over to the government under a settlement with the Federal Trade Commission. It’s the biggest fine for violating user privacy by a wide margin – 200 times bigger than the previous record, according to the FTC chair.
If I got hit with a 5 billion dollar speeding ticket, it would hurt. I’m not going to lie. But some are already saying the settlement doesn’t go far enough.
So. After this settlement, can Facebook say it has paid its debt to society? Or did Zuckerberg and company just make out like bandits?
And: What does this say about privacy regulators’ ability to effectively walk the beat in Silicon Valley?
With me this week to shake me out of my vacation-induced stupor: Farhad Manjoo of the New York Times.
7 - Diana Aviv, Feeding America CEO: A Holiday Lesson on Leading with Heart & Head
6 - Sanjay Poonen of VMware & Jay Simons of Atlassian: Two Unique Paths to Power
5 - Sebastian Bach, actor and musician: Lessons Beyond Skid Row
4 - Bradley Whitford, actor & agitator: Life Imitates Art
3 - Thanksgiving, and the Muslim Branch of My Evangelical Family
2 - Lisa Su, AMD CEO: Beyond the Glass Cliff
1 - Alexis Ohanian, Reddit co-founder: Why Thomas Jefferson Would Love Reddit
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