the Federal Trade Commission got a $5 billion settlement from the company over violating the first agreement. Even though it was a landmark figure in the U.S., I called the fine a “parking ticket,” since it’s hard to imagine that Facebook’s executives saw the payment as anything other than a cost of doing business. They paid the ticket and continued with an ad-based business model that relies on getting and keeping the attention of users, and the ability to gather and mine data was critical.
Facebook’s violation of a, “consent decree that the company signed in 2011 that required users to be notified when their data was being shared by Facebook with third parties.”
