Put Another Zero on Facebook’s Fine. Then We Can Talk

How can I describe the fine of between $3 billion and $5 billion that Facebook is likely to pay to the Federal Trade Commission — which will doubtlessly be touted as its largest ever — to settle the government’s inquiry into what the social networking giant called “our platform and user data practices”? Back in 2011, with I’m-sorrys all around, Facebook signed a consent decree with the F.T.C. around a different set of data abuse issues. This new fine presumably will cover all of the fresh I’m-sorrys since then, for the various and sundry violations that the company has committed over the last several years, including the mistakes the company made in not seeing and then not quickly plugging the epic Cambridge Analytica data leak.

Source: www.nytimes.com