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Comment by cryptoz | Hacker News Reader

> Facebook will be subject to privacy audits for the next 20 years, and subject to $16,000 fines if it does anything deceptive.

The correct business plan would deem that Facebook should continue doing deceptive things and make its billions, then pay out its $16,000 fine when necessary.

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I believe it's something to the effect of $16k a day of the duration of the infraction, but regardless, it doesn't detract from the fact that the fine is off by orders of magnitude.

So Facebook just needs to make an extra $16k a day on top of what it would have otherwise. Not so unrealistic. (Just to carry on the point.)

I assume that $16,000 would apply to each user affected, in which case that would be very unprofitable.

Would each user have to fill out a form against them or how would that work? Anyway, I don't buy this apology. Mark knew exactly what he was doing. He was even warned about doing this many times, and he didn't listen. But now that he got caught by FTC he "admits his mistake". Right.

Could make a fb app for submitting the form - lolz

Make no mistake, FTC oversight of FB is a net-plus for FB. Their actions will be relatively unassailable from now on, since if the FTC (who is supposedly looking over their shoulder) doesn't have a problem with it, why should anybody else? Rinse and repeat.

Ask me how my user-oriented social network app is going! :)

$16K per infringement is akin to $5 parking tickets. There's close to zero financial incentive to not park in a convenient yet illegal location.

who gives a shit!

That $16,000 should go directly to the user, untaxed

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