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Comment by iso1631 | Hacker News Reader

Facebook today closed at a record high of 309, up from 299, on the first trading day after this leak hit the press. It has since increased to a higher record high (currently 312 with 10 minutes left)

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Wall Street fueled by Jim Cramer's FAANG doesn't care about consumer privacy.

Because Wall Street realizes even consumers don't care about consumer privacy.

If Ashley Madison and Equifax walked away with barely a scratch from their catastrophic breaches, then this is almost nothing in comparison.

I think people do care, its just impossible for them to express how much they care. Like I want to do something about this data breach, what else can I do apart from remove myself from facebook (there is good evidence that that wouldn't help me either)? Its a monopolistic market and they are very good at hiding the risks. People don't accept random spam and data leaks out of not caring, but because even if they care the current business models will not care about their opinion.

So what? Failure to disclose is illegal many places for good reason, and the relevant authorities are the ones who need to be doing shit about this. No one expects consumers to regulate other areas, why tech?

I genuinely don't understand how Equifax is allowed to exist post-hack.

Wasn't this leak already 2 years old? Just because the media decided to pump it up this week doesn't mean it just happened.

I've also yet to see anything real come of these kinds of leaks.

Give that the data leak is 2+ years old I’m wondering why it’s getting so much attention in the media right now, just as FB hits record highs. The cynic inside me suspects that this is actually a ploy to manipulate the stock price, though I can’t tell who would benefit from it.

Because the data is now widely available to anyone and his dog

Priced in, as usual (not even meme-ing).

What's the maximum fine under GDPR? It's some percentage of global revenue, right?

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