
Giving an outside assessor a role in monitoring Facebook’s privacy practices sounds like a great idea, but it’s unlikely to work miracles.
The Federal Trade Commission issued its largest-ever fine, of $5 billion, to Facebook for violating a 2011 privacy settlement in late July. But the amount is only about a month’s worth of the company’s revenue, suggesting that the fine, while seeming large, is, in fact, rather modest.
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