“Critics slam $5 billion Facebook fine as weak”

“The biggest tech critics in Congress, who had long pushed for tough penalties on Facebook over its handling of consumer data, made it clear that the settlement terms fell short of their expectations.

“The FTC just gave Facebook a Christmas present five months early,” Rep. David Cicilline (D-R.I.) said in a statement. “It’s very disappointing that such an enormously powerful company that engaged in such serious misconduct is getting a slap on the wrist.”…

“This fine is a fraction of Facebook’s annual revenue. It won’t make them think twice about their responsibility to protect user data,” said Cicilline…

Sen. Richard Blumenthal (D-Conn.), who has called for Facebook to be broken up, said in his own statement that only “structural, behavioral, and leadership reforms” would fix the problems at the company…

Sen. Amy Klobuchar (D-Minn.), a 2020 presidential candidate, added, “Given the magnitude of the Cambridge Analytica violation, the FTC not only needs to impose a more significant fine, they need to be clear about what Facebook must change when it comes to data practices. It appears that they haven’t done that, which is why Congress must take action.”…

On Monday, Republican Sen. Josh Hawley (Mo.) joined the chorus of Democrats, saying in a tweet, “To say this was a slap on the wrist for Facebook is too generous. No restrictions on Facebook collecting & sharing user data w/ third parties? Really does make you wonder if FTC jurisdiction should be reassigned.”…”

https://thehill.com/policy/technology/453192-critics-slam-5-billion-facebook-fine-as-weak

These “fines” are designed to aide mega corporations and governments steal as much as possible. Facebook stole much more than it was forced to pay back.

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