, 3 tweets, 2 min read Read on Twitter
FTC votes along party lines to fine repeat-offender Facebook $5B for the #CambridgeAnalytica mass data abuse scandal. Additional restrictions that may be imposed have not yet been reported. #TheGreatHack cnbc.com/2019/07/12/ftc…
$FB stock surges on the news. Guess even $5B is nowhere close to an effective punishment in the eyes of investors. Just the cost of doing business. #SurveillanceCapitalism
@ceciliakang reports that FB may accept some new oversight but no restrictions on data collection and sharing, partly why the two Dem commissioners voted against the settlement. It’s weak sauce. nytimes.com/2019/07/12/tec…
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