🔵 Facebook Agrees to Pay $5 BILLION, BUT will they ever stop??

[peter0425]

they say that the libra coin wont be released anymore .

if they are paying that huge amount who will recieve it ? the governments ? but what about us ? what about thier users  . they are the ones that lost or have been exposed their data    .

but if ever they start paying , your still asking if when will they stop ?  they should have stop imediately because if not then they will have to pay more  .

Well you have a good argument, but you need to understand that everything is business, they agreed to pay because they know that they can recover it. Did they go bankrupt? No. So I don't think that Facebook or any major company for that matter will stop just simply because they have to pay big fines to their government. As for our data, it's very risky, just like what happen to the last supposedly Binance hack (again).

[1715661072]

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[1715661072]

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[dkbit98]

I don't trust Facebook and anything Facebook creates...
they only care for they own profit and nothing else like helping people.

https://www.eff.org/deeplinks/2019/08/victory-lawsuit-may-proceed-against-facebooks-biometric-surveillance-0
 

[SquallLeonhart]

I don't think they will ever stop, Facebook needs data so they can work out and create data that they can offer to their advertisers because they offer targetted leads, they need location, preferences age and other vital information, without it, they have no way create targeted leads without it.

If the purpose of the data they collect is what you stated, then I don’t see how they have sold data in anyway. I run my business promo through Facebook, and I pay them to show my product to the world, so they pick my product and show it to some number of people based on the amount I paid for.

I don’t have access to those people’s information for me to contact them, they only contact me when they are interested in the product being shown to them, so I don’t know why they should be accused of selling data, except what they are being sued for is that they are abusing the privacy of the people they are showing the product to which is how they make money and we also make money too.  Facebook advert has even blessed the economy of America more than what they can imagine, in my country, do you know how many things has been imported from America just because they saw the advert on Facebook? So is the America talking about?

[sandra_x]

Steep fine for face book but nearly not enough to remedy the havoc the facebook hack and privacy violations has caused over the course of many years. Somehow the fines will not get to the real victims of the violations. The more important deal is the proposed changes in the way facebook handles subsequent issues

[dkbit98]

I don't think they will ever stop, Facebook needs data so they can work out and create data that they can offer to their advertisers because they offer targetted leads, they need location, preferences age and other vital information, without it, they have no way create targeted leads without it.

If the purpose of the data they collect is what you stated, then I don’t see how they have sold data in anyway. I run my business promo through Facebook, and I pay them to show my product to the world, so they pick my product and show it to some number of people based on the amount I paid for.

I don’t have access to those people’s information for me to contact them, they only contact me when they are interested in the product being shown to them, so I don’t know why they should be accused of selling data, except what they are being sued for is that they are abusing the privacy of the people they are showing the product to which is how they make money and we also make money too.  Facebook advert has even blessed the economy of America more than what they can imagine, in my country, do you know how many things has been imported from America just because they saw the advert on Facebook? So is the America talking about?

I don't understand you at all...
and the fact that you profited from Facebook does not mean a thing for me.

Facebook reads your every so called PM 'private message'
If you are OK with that, I am not.

All the best

[FIFA worldcup]

I don't think they will ever stop, Facebook needs data so they can work out and create data that they can offer to their advertisers because they offer targetted leads, they need location, preferences age and other vital information, without it, they have no way create targeted leads without it.

$5 BILLION is a big amount but not for a company named Facebook. They can easily pay this amount and they will continue doing what they are doing now. Technically speaking they have the the data of everyone who uses the internet (As all the internet users have facebook account) and they can use this data for their own purpose.

[hotforblockchain]

They will never stop, they made much more on our data.
This just not includes selling our data but using it for their on platform ads.

I recently red some news article about whatsapp and what they plan to do with it, long story short- they are going to monitor us all with whatsapp, I am starting to move away from their owned apps, including whatsapp. Faceook is super company , they are extremely powerful.

[Lawrenzoo]

I don't think they will ever stop, Facebook needs data so they can work out and create data that they can offer to their advertisers because they offer targetted leads, they need location, preferences age and other vital information, without it, they have no way create targeted leads without it.

If the purpose of the data they collect is what you stated, then I don’t see how they have sold data in anyway. I run my business promo through Facebook, and I pay them to show my product to the world, so they pick my product and show it to some number of people based on the amount I paid for.

I don’t have access to those people’s information for me to contact them, they only contact me when they are interested in the product being shown to them, so I don’t know why they should be accused of selling data, except what they are being sued for is that they are abusing the privacy of the people they are showing the product to which is how they make money and we also make money too.  Facebook advert has even blessed the economy of America more than what they can imagine, in my country, do you know how many things has been imported from America just because they saw the advert on Facebook? So is the America talking about?

I don't understand you at all...
and the fact that you profited from Facebook does not mean a thing for me.

Facebook reads your every so called PM 'private message'
If you are OK with that, I am not.

All the best

And so? if they read your pm, in what way has it then added any benefit to them? does you telecommunication company not also have record of all your conversation, and moreover, do you think they will have all that time to read messages of all the users on their database because i do not seems to understand you also, not only him, please make your point clear.

[dkbit98]

I don't think they will ever stop, Facebook needs data so they can work out and create data that they can offer to their advertisers because they offer targetted leads, they need location, preferences age and other vital information, without it, they have no way create targeted leads without it.

If the purpose of the data they collect is what you stated, then I don’t see how they have sold data in anyway. I run my business promo through Facebook, and I pay them to show my product to the world, so they pick my product and show it to some number of people based on the amount I paid for.

I don’t have access to those people’s information for me to contact them, they only contact me when they are interested in the product being shown to them, so I don’t know why they should be accused of selling data, except what they are being sued for is that they are abusing the privacy of the people they are showing the product to which is how they make money and we also make money too.  Facebook advert has even blessed the economy of America more than what they can imagine, in my country, do you know how many things has been imported from America just because they saw the advert on Facebook? So is the America talking about?

I don't understand you at all...
and the fact that you profited from Facebook does not mean a thing for me.

Facebook reads your every so called PM 'private message'
If you are OK with that, I am not.

All the best

And so? if they read your pm, in what way has it then added any benefit to them? does you telecommunication company not also have record of all your conversation, and moreover, do you think they will have all that time to read messages of all the users on their database because i do not seems to understand you also, not only him, please make your point clear.

...

Words PRIVATE messages PM mean anything to you?

If not, then you need to learn better english language, and learn your basic rights as a human being and a customer/user.

Also 5 BILLION explains enough...

[ene1980]

I don't think they will ever stop, Facebook needs data so they can work out and create data that they can offer to their advertisers because they offer targetted leads, they need location, preferences age and other vital information, without it, they have no way create targeted leads without it.

For a company to pay $5 billion as fines for selling sensitive data is not a small thing and if they continue that practice they will be penalized bigger amount which is not good for their business and at what point do you think that they will be stopping these bullshit. The fines that are imposed are not at all small amounts by any means for any business and they should stop their bad practices if not they will end up bankrupt in a few years time. 

[dkbit98]

This is how 'good' Facebook is

https://www.independent.co.uk/life-style/gadgets-and-tech/news/facebook-cryptocurrency-buy-libra-bitcoin-scam-how-much-a9054661.html

[SirLancelot]

-snip

I don't understand you at all...
and the fact that you profited from Facebook does not mean a thing for me.

Facebook reads your every so called PM 'private message'
If you are OK with that, I am not.

All the best

And so? if they read your pm, in what way has it then added any benefit to them? does you telecommunication company not also have record of all your conversation, and moreover, do you think they will have all that time to read messages of all the users on their database because i do not seems to understand you also, not only him, please make your point clear.

Lol, I also seem not to understand him also, because when he said they read private message, the only way feel they can do that is when they have a specific target, because they have too many handful of work to do for them to start reading messages when they don’t know what they will find there.

He should imagine himself staying in from of a system and just reading messages like someone that does not have direction. You know we have some people that when they are using a system, they forget themselves and believe that they are the only one on that network. All I just see people saying is that Facebook sell data, but they have never explained how they really sell the data and how they make money from it, sometimes we just like to follow a trend without understanding a thing about it.

[FIFA worldcup]

They will never stop, they made much more on our data.
This just not includes selling our data but using it for their on platform ads.

I recently red some news article about whatsapp and what they plan to do with it, long story short- they are going to monitor us all with whatsapp, I am starting to move away from their owned apps, including whatsapp. Faceook is super company , they are extremely powerful.

The problem is that we cannot leave facebook and whatsapp as these social media tools and platform are integrated in our lifes. Even if we boycott them, only we will be cut off form our friends and relatives. Hence we have no choice but to continue using these platforms. We need to accept them with their pros and cons.

[dkbit98]

They will never stop, they made much more on our data.
This just not includes selling our data but using it for their on platform ads.

I recently red some news article about whatsapp and what they plan to do with it, long story short- they are going to monitor us all with whatsapp, I am starting to move away from their owned apps, including whatsapp. Faceook is super company , they are extremely powerful.

The problem is that we cannot leave facebook and whatsapp as these social media tools and platform are integrated in our lifes. Even if we boycott them, only we will be cut off form our friends and relatives. Hence we have no choice but to continue using these platforms. We need to accept them with their pros and cons.

How will you be 'cut off' exactly?
Everyone now uses Viber or Telegram,
and there are alternative social medias platforms,
and just maybe you will get more closer to your family with meeting in real life and face to face.

So you have a choice,
but you are stuck in your comfort zone like most of the people

[veleten]

whoever did the info graphic on fines forgot about Microsoft and their pretty big fines
the most recent one amounted to 730 millions:  https://www.nytimes.com/2013/03/07/technology/eu-fines-microsoft-over-browser.html
will Facebook stop? probably not , will they change? probably will hide better their practices
it is clear that they are working together with the governments and/or the agencies to collect the user's data
Google just put it in their terms in conditions - we will spy after you , if you are not happy , do not use us
Facebook kinda "forgot" to do it , but should include the spying part in their terms now

[jostorres]

How will you be 'cut off' exactly?
Everyone now uses Viber or Telegram,
and there are alternative social medias platforms,
and just maybe you will get more closer to your family with meeting in real life and face to face.

So you have a choice,
but you are stuck in your comfort zone like most of the people

Sooner or later, you will hear that Facebook has also bought that viber and all those other social media platform that you mentioned, don’t forget that Facebook bought whatsaap, and I think you dint know that they have bought instagram too which are the major social media platforms that we have right now other than twitter and telegram, and I am sure that it is possible to buy telegram over too, they like money too much and they can easily be bought over.

And even those social media that you mentioned, the fact that they have not yet been caught like Facebook does not mean they are not all selling our data, so there is absolutely nothing we can do for now, except we want to have our own social media platform privately, which means we have to develop it our self.

[dkbit98]

How will you be 'cut off' exactly?
Everyone now uses Viber or Telegram,
and there are alternative social medias platforms,
and just maybe you will get more closer to your family with meeting in real life and face to face.

So you have a choice,
but you are stuck in your comfort zone like most of the people

Sooner or later, you will hear that Facebook has also bought that viber and all those other social media platform that you mentioned, don’t forget that Facebook bought whatsaap, and I think you dint know that they have bought instagram too which are the major social media platforms that we have right now other than twitter and telegram, and I am sure that it is possible to buy telegram over too, they like money too much and they can easily be bought over.

And even those social media that you mentioned, the fact that they have not yet been caught like Facebook does not mean they are not all selling our data, so there is absolutely nothing we can do for now, except we want to have our own social media platform privately, which means we have to develop it our self.

You better first explorer how Viber and Telegram are working.
They have encrypted communication, so they cant sell your info in the same way
and I was talking about connection with family members.

Do you think that Facebook will buy all and rule forever?
Please... wake up...
I am sure Telegram will NEVER sell itself to Facebook for various reasons.

In the end,
if you love Facebook then please use it and enjoy.

[guoyu78]

I think with this Libra coming up it will be a great understanding of what they are after or if they learnt their lesson. If libra becomes something very transparent and not something to be used for evil than we can say that facebook really learnt their lesson and built something that is definitely there to help humanity and not just destroying peoples privacy.

However, if they built something that could basically track your expenses to make sure they sell your spending data to other companies for marketing purposes (which could be used for evil like Cambridge Analytica was used) than we can totally understand what kind of company facebook is and what the direction they are taking even with the penalty they took. We just need time to realize and process what will happen with Libra to give our judgement.

[dkbit98]

However, if they built something that could basically track your expenses to make sure they sell your spending data to other companies for marketing purposes (which could be used for evil like Cambridge Analytica was used) than we can totally understand what kind of company facebook is and what the direction they are taking even with the penalty they took. We just need time to realize and process what will happen with Libra to give our judgement.

Yeah, and most likely this scenario will happen.
I just don't think anyone in Facebook wants to change their ways of doing things and earning money.

[Bitcoin Seller]

However, if they built something that could basically track your expenses to make sure they sell your spending data to other companies for marketing purposes (which could be used for evil like Cambridge Analytica was used) than we can totally understand what kind of company facebook is and what the direction they are taking even with the penalty they took. We just need time to realize and process what will happen with Libra to give our judgement.

Yeah, and most likely this scenario will happen.
I just don't think anyone in Facebook wants to change their ways of doing things and earning money.

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