In an amazing move, the FTC levied what we might thing is a humongous fine against Facebook for the Cambidge Analytica scandal, where Facebook users personal data was used for politcal advertising purposes without the consent of the owners of that data. $5 Billion dollars seems like a mega fortune to us, but when you contrast that with the $585 Billion valuation that Facebook has right now (even though it has yet to make a profit), but at 1%, it’s akin to a moving violation. Just as we all do, right after we get a ticket for speeding, we slow down for a short while, but…

The Federal Trade Commission announced a settlement with Facebook over the company’s 2018 Cambridge Analytica scandal.

Found at www.cnbc.com

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