Two senators say a $5B fine isn’t enough to punish Facebook

Two senators—one Republican and one Democrat—are urging the Federal Trade Commission to take a hard line against Facebook in its ongoing negotiations over a privacy settlement. “The FTC must set a resounding precedent that is heard by Facebook and any other tech company that disregards the law in a rapacious quest for growth,” write Richard Blumenthal (D-Conn.) So far, most Republicans have remained true to free-market orthodoxy, which is why you see the FTC’s Republican majority favoring a more lenient stance in the Facebook case.

Source: arstechnica.com