The fact that we (the UK) only fined Facebook £500k [1] is an utter scandal. You can probably say $529bn is too much, but the appropriate amount might be somewhere in the middle of the two...<p>1. <a href="https://techcrunch.com/2019/10/30/facebook-agrees-to-pay-uk-data-watchdogs-cambridge-analytica-fine-but-settles-without-admitting-liability/" rel="nofollow">https://techcrunch.com/2019/10/30/facebook-agrees-to-pay-uk-...</a>
facebook could turn their public perception around in a second by declaring that it is not a political platform and banning political ads. I honestly don't care how much they market me to coke and pepsi, but the impact on democracies is way creepier...
Now THIS would be a fine that Facebook would surely feel!<p>I am assuming this is some Class Action suite ? Or is this different as its from the privacy watchdog ?
It's a good start to negotiations. Maybe they'll get $2B from FB. FB will likely fund the current politicians' re-election campaigns in a quid-pro-quo to drop/reduce charges.<p>Either way it's a good move on the part of governments to apply pressure to a known shady actor.