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meBottleOfScrampy t1_iy476fg wrote

This is a joke. That money is nothing compared to the wealth and worth of the company.

Most people wont pay attention to their malpractices, so assuming this is one of those acts that damage the company image is not that valid, so why not just fine them in billions?

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CompassionateCedar t1_iy4o3ii wrote

4% of yearly revenue is the maximum fine Europe can impose. I can’t imagine what would more appropriate for a fine like that than collecting data on every European with internet access without them even having a Facebook account.

And that data being collected for the sole purpose of selling it to the highest bidder

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Deranged40 t1_iy4t3ip wrote

> 4% of yearly revenue is the maximum fine Europe can impose.

This means, anything that is "not legal" in Europe must now increase revenue by 5% or more to get a green light at the company.

I'm glad that they had the corporate interests in mind when setting that cap at 4%. Wouldn't want to hurt a company for doing wrong, would you?

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CompassionateCedar t1_iy506jj wrote

It’s worldwide revenue not just in the EU and revenue is a lot more than profit.

If Amazon were to get a 4% revenue fine that would be equal to 72% of their yearly profit. Meaning it would seriously eat into their margins.

Facebook had about 1/10 of their revenue as profit so a 4% fine would take about half their yearly profits. Doing something illegal in Europe to double your worldwide profit seems not so easy to do.

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tissotti t1_iy72h10 wrote

At least EU is doing something. Data privacy laws are a joke in US.

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sassergaf t1_iy4oyia wrote

The fine may be a joke.
Data scraping is not a joke.

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Niburu-Illyria t1_iy4t2b9 wrote

Forgive my ignorance, but how does stuff like this end up affecting the average citizen? I have Nord and whatnot, but i dont really know to what effect this kind of data scraping /does/. Genuinely interested!

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dkran t1_iy5cee2 wrote

Sold and combined properly through data brokers this could include everything from your average bank account balance, income, debt, name, address, phone number, interests, interests you may have on the sly, etc.

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5kM6v2FMKfN8WU6 t1_iy5p3jt wrote

its combined and aggregated somewhere and then bad actors will try to break into your accounts using that information.

Your email from one site, password from another, geoIP, profile picture, etc.

Best practice is use a password manager w a diff pass on each site, use 2fac where you can

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5kM6v2FMKfN8WU6 t1_iy5oy0s wrote

data scraping is a joke too, they're fining meta because someone else scraped them. That's like fining a hotel because someone stole your car from their parking lot.

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skydiver19 t1_iy6gghk wrote

Scraping data isn’t illegal, Google do it!

This issue here is Facebook failing to prevent stupid features from being abused despite multiple warnings and then not taking it serious

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5kM6v2FMKfN8WU6 t1_iy6oj2v wrote

  1. it isn't illegal, altho depends on jurisdiction and data, but gl finding who is scraping your site.

  2. It's not a "feature", someone is literally scraping data from public profiles. It's not permissible by any of their products lol. They DO shit about this already - https://techcrunch.com/2022/10/03/meta-settles-lawsuit-for-significant-sum-against-businesses-scraping-facebook-and-instagram-data/

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skydiver19 t1_iy7ofya wrote

Isn’t the fine in relation to the 500m data leak which had phone numbers? If so this was a result of a couple of features where you could generate all the permutations of mobile phone numbers and then pump them though they website leveraging a feature to return the user id thus linking the phone to the user Id

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5kM6v2FMKfN8WU6 t1_iy8w4f6 wrote

Not this one specifically, that one is due to not telling people their profiles would be public if they switched to creator mode or w/e it is

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745395 t1_iy4j1bn wrote

Native company. Must be protected. Billion dollar fines are reserved for companies from our adversaries.

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