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DawsonSField
@DawsonSField
, 6 tweets, 3 min read Read on Twitter
Well Facebook is facing massive fines for violating the privacy of it's customers. The Federal Trade Commission is expected to set records with the scale of the fine! #ButNothingsHappening
@washingtonpost reports that the fine will greatly exceed the $22 million dollar fine imposed on Google in 2012.
The commissioners are waiting for a formal recommendation on the fine from FTC investigators.
FTC investigators found that Facebook was violating a consent decree that Facebook accepted to settle a 2011 complaint for violating privacy.
This latest case arose from the Cambridge Analytica scandal.
In addition to this case, Facebook faces further fines & investigations related to sharing information with third-party apps, banks, & others!

You don't think those included intelligence agencies do you?

Well I do!
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DawsonSField
@DawsonSField
Two Ukrainians who were part of an international network, were indicted for hacking the SEC for insider trading purposes. They hacked the system where publicly traded companies upload information that could affect their stock price. #ButNothingsHappening justice.gov/opa/pr/two-ukr…
They would use the information from 'test' filings to know which way stocks were going to move after the announcement was made publicly. Allowing them to profit off the information they stole from SEC.
The US Attorney states this is a "large-scale, international conspiracy" so not likely that these two 20-somethings are the ring leaders. So it is likely that there is big money crooks involved in the markets that were really running this operation.
Read 7 tweets
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DawsonSField
@DawsonSField
Former Obama White House Counsel's firm agrees to pay $4.6 million to DOJ & register as a foreign agent to settle charges it was illegally acting as an agent of Putin's allies in Ukraine & influencing the Obama Admin & Congress. #ButNothingsHappening
The lead partner not named in the announcement is #GregCraig former Clinton lawyer & Obama White House Counsel. It appears the firm has been able to throw him under the bus for his misconduct to escape prosecution.
The firm represented the govt of Ukraine in efforts to justify it's prosecution or persecution of anti-Putin politician Yulia Tymoshenko. Falsely identifying the amount they would bill Ukraine to corruption conceal the real parameters of the deal. $12k versus $4.6 million.
Read 12 tweets
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DawsonSField
@DawsonSField
Nike facing billions in back taxes in the EU accused of gaming Netherlands tax rulings to hide revenue in offshore subsidiaries & accounts. #ButNothingsHappening icij.org/investigations…
Looks like many of the usual suspects were playing the same games including Amazon & Apple. Nike is accused of playing shell games with $12.2 billion in earnings.
The Swamp creatures in several European countries were arranging secret tax rulings that allowed companies to hide earnings from taxation. Used as a way to convince businesses to locate to those nations.
Read 9 tweets

Related threads

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Samantha Corbin
@SamanthaCorbin
Sunday night, I inadvertently set off something of a tweet-show by responding publicly to a question asked by @deray: "Why would a FICO score be vastly different than the TransUnion and Equifax score?" /1
I responded briefly (because, Twitter), that FICO data is proprietary & shared my opinion that FICO poses a significant loophole to consumer protections. @Deray & I engaged in a separate convo via DM on the issue - one far more complex & nuanced a single tweet can explain. /2
Soon thereafter, @Deray was accused in a now-deleted tweet (receipts attached) of spreading misinformation (via my tweet) and just being "wrong" by a self-professed credit reporting expert, consumer advocate and freelance journalist. /3
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TheResistance Report
@AntiTrumpReport
BREAKING: NYT investigation: Internal Facebook records show that the company gave Microsoft, Amazon, Netflix and other tech giants far more intrusive access to your personal data than it ever disclosed nyti.ms/2Cmpm5q
Bombshell Thread: For years, Facebook gave some of the world’s largest technology companies more intrusive access to users’ personal data than it has disclosed, effectively exempting those business partners from its usual privacy rules, according to internal records & interviews.
The special arrangements are detailed in hundreds of pages of Facebook documents obtained by The NYT. The records, generated in 2017 by the company’s internal system for tracking partnerships, provide the most complete picture yet of the social network’s data-sharing practices.
Read 64 tweets
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Facts Central
@StillDelvingH
Who funds the IEA, the TPA, the ASI &co?
You know, the RW 'free trade' thick tanks advocating tax havens, "freedom" (no regulations like workers' rights or environmental protection), no welfare (no tax & no free healthcare).
Basically, "Only the wealthier survive" philosophy?
1/n
*Could it be* that it has something to do with defending their funders' interests?
Today, I'm going to tell you the Thick Tanks' Hydra tale.
Featuring Atlas, huge piles of money, tradition, "free speech", useful idiots and a very clear agenda that Brexit/Trump are a part of.
2/n
Take a seat: It's a long story, with a lot of players, including politicians, pretty ladies squatting your TV, the climate change denial's network, the global fascist movement, Silicon Valley/multiname data-stealing/misusing company & private companies' involved in elections.
3/n
Read 249 tweets
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Greg Rubini
@GregRubini
1. #Antitrust Sherman Act
Antitrust Clayton Act
Antitrust Federal Trade Commission Act of 1914.

#Google , #Twitter and #Facebook violate all 3 Laws.
they must be broken-up and shattered.

remember United States vs. Rockefeller's Standard Oil - 1911
2. "United States Antitrust Law is a collection of Federal and State Government Laws that regulates the conduct and organization of business corporations to promote fair competition."
3. "The Federal Trade Commission, the U.S. Department of Justice, State governments and private parties may bring actions in the Courts to enforce the #Antitrust Laws."
Read 7 tweets
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Nicolas Granatino
@ngranati
Thanks @Buttarelli_G for this Op-Ed: "Big tech is still violating your #privacy" The "take-it-or-leave it" 'consent' approach shows how strongly network effects lock-in people washingtonpost.com/news/theworldp…
to the incumbent platforms. It's a paradox that the Founding Fathers in the US were fearful of accumulation of power in government but that recent successive governments have let the accumulation of power in Big Tech unchecked supposedly on the belief that competition would keep
actors in check. When #data is increasingly perceived as being an essential facility for a at least number of sectors and its dominant players, it is consequently challenging to build a service which provides the choices that competitive markets are meant to provide when
Read 7 tweets
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Julie Laumann 🌎
@Otpor17
"Trump has used Harley-Davidson as an example of a US business that is being harmed by trade barriers. Yet Harley has warned consistently against tariffs, saying they would negatively impact sales"

Harley, hit by tariffs, shifts some production overseas apnews.com/6c8942f7363743…
Important issue highlighted by @riotwomennn: are tariff exemptions determined by bribes?

Corker: "22,000 companies have asked for exemptions.There is no basis to deal with them. Are they going to grant these exclusions based on political contributions?"
Trump’s trade war with the European Union is going to cost Harley-Davidson as much as $100 million a year and force the manufacturer to shift production out of the U.S. bloomberg.com/news/articles/…
Read 232 tweets

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