"Too big to fail" or punish...

Anyone else read the article about FTC recognizing that all their "settlements" they come up with companies like FB where the company is allowed to evade admitting guilt when FB was found to be abusing the privacy of their users. How can the FTC look at themselves in the mirror and be happy that they ended up with such a watered down "punishment" It is one reason why a company like FB will continue to play fast and loose with the rules-if a company can get punished without paying fine or admitting guilt, then it says a lot about what has happened to the "laws" in this country when it comes to dealing with businessess that have become "too big to fail" or punish!

-A Myabuy Man

Time to get on board with Do Not Track...

It may seem weird that any company in Internet area would welcome the Do not track list. Unfortunately many companies live in a bubble and cannot see the forest from the trees (so to speak) It is similar to some politicians in U.S. that do not see the big picture in anything that is against his/her interests or ego. The problem is a lack of empathy towards the end-user. Its a shame but empathy is something lacking in many people nowadays (particularly those who really lucked out in things)

What do ya'll think? I would totally sign up for Do not Track list if FTC gets in the game and demands that the govt stop squabbling and protect their citizens!

On Myabuy  you will not need to worry about signing up for Do Not Track List, THat is nice, since who knows how much longer it will take for govt to take the recommendation of FTC to implement Do Not Track list.

What's wrong with the FTC-look at the Facebook settlement. Shameful by any legal standard!

Is anyone else disappointed in how inefficient U.S. government and the FTC has been-waiting this long and willing to accept "settlements" from companies like Facebook that relish in exposing everyone (except their own executives) information as part of their culture and original business model. I guess that is a type of business model in the way that cos I never heard of, posting your information and then asking you to "claim this profile". That there is no financial punishment to a company that has been doing it blatantly since it's founding (in legal terms punitive damages) indicates that the laws and congress are for sale, through corporate lobbyists-Facebook has a big lobbying unit in Washington D.C.

Its a shame because without punitive damages there is no incentive for anyone to respect privacy until they are forced to (which in Facebook's case was 5 years plus) I cannot imagine in private sector lawyers would work and spend years only to settle for such weak terms (no financial or punitive damages) It is a settlement between a watchdog and a private, for profit company being treated like a misunderstanding that has been going on for over 5 years! I can understand why FTC and other government agencies cannot attract top level talent nowadays. If I were a lawyer and spent all this time and effort to get nothing tangible (financial or personal satisfaction) I would feel like the whole thing was a waste of my time and expertise.

-A "faceless" Myabuyer