Reality update: The FTC Is Powerless to Regulate Facebook Right Now. Ask Chuck Schumer Why. … :
“The consent decree authorizes the FTC to fine Facebook $40,000 per violation per day; if applied to 50 million users, the potential exposure equals at least $2 trillion. This is likely not limited to Cambridge Analytica, as Facebook’s policies on third-party developers acquiring user data are famously weak. “We had no idea what developers were doing with the data,” said former Facebook operations manager Sandy Parakilas to The Guardian. Plus, Facebook routinely provides this kind of “social graph” information — likes, friend connections, and other data — to advertisers. Surveillance is effectively Facebook’s business model.“