Chump change for them. They got off way too easy.

Just the other day someone was saying you accept breach of privacy if you signup to facebook. 

The US government disagrees. 

setting a precedent.

with a market cap of 584B, and more importantly revenue of $16B last quarter, they can afford it.

surfisup1000:

 

Just the other day someone was saying you accept breach of privacy if you signup to facebook. 

 

The US government disagrees. 

 

They at least disagree with other entities getting access to your information.   <tinfoil-hat>Who knows what they have access too.</tinfoil-hat>

Moved to correct sub-forum.

Yeah, but who gets the money? Not the folks whose info was flashed around the place.

BlueShift:

 

Yeah, but who gets the money? Not the folks whose info was flashed around the place.

 

True. Every time I see news of a fine applied to one of those IT giants the first thing I think is government gets the money. Affected people get nothing...

To me, this constitutes such a tiny amount of money, that Facebook would consider it a rounding error on their marketing budget and consider it good business to continue and pay those fines. 

I believe fines should start with something like that amount but second offence 10x that amount, and CEO, CFO and CTO spend a year in prison.