Facebook just got clobbered with a record $5 billion penalty over the Cambridge Analytica data breach

The Free For All Lounge
#1

Facebook still profited from this though, their stock went up 10B that day.

Some changes Zucc has to make and good for us IG Marketers:

  • Clearly alerting users and getting affirmative consent before using facial recognition.
  • Establishing and maintaining a new and comprehensive data-security program.
  • A ban on taking users’ phone numbers for security purposes and then using them for advertising"
  • Hopefully all these events take away their attention from us IG Marketers.
5 Likes
#2

I just hope they won’t make any new updates on Instagram, I had enough updates for the whole year…

3 Likes
#3

This is merely a slap on their wrist. It was approximate it that at the end of this year they will produce the money to pay the penalty + they will have some profit beside that.

1 Like
#4

ohhhh shit here we go again… they will take it on us , put us in more pressure. get ready guys. Low reach is coming.

#5

$5 billion is pennies and anything but a clobbering.

#6

Heard the average claim settlement was $20,000.

#7

lol low reach is already here

#8

This is not the first time and will not be the last time they get in trouble. Just the biggest.

#9

LMFAO the sad thing is that i said the same thing to my friend 4 years ago. Guess what happened … the reach got lower and lower and lower every year

#10

LOL. When Facebook makes money with loosing money. I want to be in that position. :smile:

1 Like