Analysis

Facebook's $5B Fine Would Set Record But Not Quiet Critics

Law360 (July 15, 2019, 10:40 PM EDT) -- Facebook's reported deal to pay the Federal Trade Commission a $5 billion fine over privacy violations would shatter agency records yet hardly make a dent in the social media giant's bottom line, sparking some critics to question the agency's credibility as an enforcer.

"Five billion dollars may be a record-breaking fine for a privacy case, but it's still not a meaningful number for Facebook," Joel Reidenberg, a professor and founder of the Center on Law and Information Policy at Fordham University School of Law, told Law360 on Monday. "Without meaningful structural reform, the decision from the FTC shows a weakness in...

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