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.
127 - Life Lessons and an Elephant Attack: Great Stories from Great Minds
126 - Jeff Wilke, Amazon CEO of Global Consumer, Exclusive from re:MARS
125 - Apple WWDC Preview, and Tech's Labor Unrest; with Walt Mossberg
124 - Huawei, T-Mobile, and Winning at All Costs
123 - Is SoftBank Spoiling Silicon Valley?
122 - The Uber IPO Show; Plus, Amnon Shashua on Intel's Driverless Challenge
121 - The Endgame in Streaming for Disney; Plus, VMware CEO Pat Gelsinger
120 - Apple's Qualcomm Truce, IPO Fever; with The Verge's Casey Newton
119 - Winning in the Markets and on the Court: John Rogers, Jr., Ariel Investments founder & CEO
118 - IBM CEO Ginni Rometty on A.I. and the Future of Work
117 - Apple's New Services: Will They Work? Kevin Delaney, Stephanie Mehta, Rebekah Saltsman
116 - Beyond the College Cheating Scandal: Plus, Frank Calderoni, Anaplan CEO
115 - Should Big Tech Break Up? Plus, Playwright Dominique Morisseau
114 - Fortnite vs. Apex Legends, Plus Ciena CEO Gary Smith
113 - Opening Tech: The Diversity Challenge. With Anu Duggal, Female Founders Fund; Kathryn Finney, Digital Undivided; Ruben Harris, Career Karma
112 - Amazon Leaves NYC: Good or Bad? With Anand Giridharadas and Robert Frank
111 - Is Facebook Really That Bad? Roger McNamee and Antonio Garcia Martinez
110 - #Nevertweet: Time to Cut Back on Social? Farhad Manjoo, Jeff Jarvis, Chris Moody, Jaron Lanier
109 - Fender CEO Andy Mooney; Plus, in the Netflix Era, What Makes a Show Valuable?
108 - Behance Founder Scott Belsky; Plus, Walter Isaacson and Jim Stewart on the Future of Journalism
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Mad Money w/ Jim Cramer
American Greed Podcast
CNBC’s ”Fast Money”
Squawk on the Street
CNBC’s ”The Suze Orman Show”- Full Show