Fine then! Facebook’s -$5 billion week
Avoid a $5 billion dollar fine and Do Not Read Until Monday!
Facebook’s $5 billion lighter, but critics cry foul
$5 billion dollars. To most of us, a comic-book-villain amount of money, but that’s what the Federal Trade Commission fined Facebook this weekas result of its investigation to privacy practices. However, that fine – which Facebook anticipated for some time – received much criticism from onlookers.
One reason is because The Incredible Zuck has way more than comic-book-villain money.
Several senators pointed out$5 billion, despite being the largest fine to be forked over by the FTC, barely makes a dent on Facebook’s bottom line.
Meanwhile, other politicians and government representatives criticized the settlement for lacking anything to force Facebook to change its business practices. (FTC Commissioner Rohit Chopra issued a particularly scathing dissenting statement.)
Mild-mannered Mark will also face no personal consequencefor the privacy scandal.
Next on the agenda for Facebook will be a twin anti-trust investigation from the FTCand Department of Justice. Those could have some impact on privacy, all these measures stop short of what some lawmakers are calling for – specific legislation on private user data.
Odds + The End
- It’s been a week since #AgeChallenge, so – what the hey – surrender some personal data for a Renaissance-style portrait.
- Pinterest wants to be your helping handwith stress and anxiety.
- Tinder developed a new featureto hide profiles for LGBTQ individuals in countries they may be threatened.
- Don’t. Stop. Me. Nowwwww: “Bohemian Rhapsody” is the first ‘classic’ music video to crack a billion views on YouTube.
- Let’s help thisget there next.
- Cat-throwinghas sparked the latest Twitch moderation controversy.
- The video platform will also partner with Duolingo, of psychotic owl fame, to teach language.
- I guess we’re storming Loch Ness next. Jus bring your wellies, or ye’ll be havin’ nae craic, ken?
- Libra’s not even launched, but fake Facebook ads will take your money for it anyway.
- But that would assume we care enough to be interested. Which, we don’t.
- What’s AI up to this week? Misidentifying mushrooms.
- Child-focused Messenger Kids has a stranger danger problem.
- Craigslist’s founder looking for more than a casual encounter with your news habits.
- Before we had Cambridge Analytica, we had the Google Street View scandal. Nearly a decade later, Google has settled a class action suitfor $13 million.
- Google+, if you can hear us up in heaven, be proud your child succeeded where you cannot: Photos hit a billion users, and faster than Facebook or Instagram.
- This week in Mad Lib headlines: “Bagel-loving 84-year-old lady foils sextortionists’ $1,400 Bitcoin con.”
- What took so long? There’s been several articles on how to revert to the ‘old’ Twitter.
- Despite that backlash, the company actually had a decent quarterly earnings call.
- Not quite as good as Snap, though, which posted 8% user growth year-over-year, as well as a 48% growth in revenue.
- Looking to next year, though, Twitter nabbed live Olympics coverageoff the rival social platform from NBC.
- Fortnite World Cup is coming. You can watch it – as you’re playing it.
- I’d just like to state, for the record, I never want Facebook squeezing or vibratingany part of me.
- Let’s hope Apple’s better at making its ‘mixed reality headset’ than drawing a human being wearing it.
- Food delivery, rides and scooters – Uber wants users to subscribe for all three.
- Need a who’s who of whippersnapper culture? Try Famous Birthdays.
- Facebook advertisers are moving to *gasp* Instagram Stories.
- HBO Max will have live programming, and whatever the hell NBCUniversal has up its sleeves will have The Office.
- Moderators will now be able to offer incentives specific to their subreddit, in the latest move from Reddit.
- July 26, 2019