It says Faceboot got fined $6B for similar practices and Twitter kept doing it … what does it take
Twitter has revealed that the FTC is preparing to fine the company $150 million to $250 million for this practice – noting that it violated the terms of an earlier consent decree with the FTC in 2011, where the company promised not to mislead users about how it handled personal information.
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You’re exactly right. It needs to be changed so that tech companies can’t just do bad things and ask for forgiveness, and get away with what is for them a minor slap on the wrist.
minor slap on the wrist
it should be like touching a red hot stove
Yeah and honestly I don’t see why obvious monopolies are being allowed to exist…
The US antitrust interpretation has been sadly broken since Bork. Because it focuses on the cost to consumers, it doesn’t handle the phenomena of loss-making but VC backed companies well – and also profitable companies that monetize people’s data and attention.
Tim Wu wrote a fascinating book on the shift in the antitrust landscape.
I’m grateful that the EU and South Korea (and even Russia!) have started to heavily fine big tech firms.
interesting to think about that point. if the answer is ‘to compete internationally with other large companies’, it could wreak havoc down the line when leaner upstarts outflank stodgy monopolistic incumbents …
Good, there should be consequences for not adhering to your contracts, and misusing PII.
