1. Facebook’s Privacy Settlement is Such a Joke, Mark Zuckerberg Likely Celebrated its Signing

    Facebook’s Privacy Settlement is Such a Joke, Mark Zuckerberg Likely Celebrated its Signing

    The agreement Facebook struck with the Federal Trade Commission this week to end the agency’s investigation into its alleged privacy violations was a good deal for the company. Facebook can easily afford the $5 billion penalty, and the FTC could have legitimately assessed it a much higher fine. The supposed restrictions in the agreement on its business are fairly meaningless – they generally don’t limit its ability to collect personal data from consumers...

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    1. In my view, a rigorous analysis of unjust enrichment alone ... would likely yield a figure well above $5 billion.
    2. The order allows Facebook to evaluate for itself what level of user privacy is appropriate, and holds the company accountable only for producing those evaluations.
    3. The proposed settlement ratifies Facebook's governance structure instead of changing it.
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