Facebook Is Absolutely Loving Its $5 Billion Punishment
You might think being forced to cough up $5 billion to the federal government for assorted misdeeds would be a bad look, but the normal rules rarely apply to Facebook.
On Wednesday, the company cheerily announced the details of its flashy wrist slap from the Federal Trade Commission, agreeing to the record-setting fine and some nominal new privacy reporting, though no meaningful changes to its way of doing business.
In a blog post echoing the FTC’s own grand language, the company heralded a new era, one implementing a “comprehensive new framework” for protecting user privacy and a “fundamental shift” in the way Facebook does business.