Encourages Executive Misdeeds

Facebook's $5 billion fine by the Federal Trade Commission (FTC) for serial privacy abuses doesn't go far enough. After the market received news of the fine, Facebook's market value spiked $10 billion, and Chief Executive Officer (CEO) Mark Zuckerberg's net worth rose $1 billion. Facebook's leaders rejoiced. Why not? Facebook did not agree to wrongdoing, and the market price rose. FTC charged the firm with the crime because it "deceived users" that users could control the privacy of their personal information. This result was good for Facebook. The firm pays, not an executive or executives; now they can continue greed-induced policies, unconcerned. A $5 billion fine is not a significant penalty. It's 23% of last year's profit ($22 billion) and less than 10% of revenues. P7egXuy0
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