Facebook’s $5 billion FTC fine is an embarrassing joke

Facebook's stock went up after news of a record-breaking $5 billion FTC fine for various privacy violations broke today. That, as the New York Times' Mike Isaac points out, is the real story here: the United States government spent months coming up with a punishment for Facebook's long list of privacy-related bad behavior, and the best it could do was so weak that Facebook's stock price went up. Facebook was one of the most important tools that Russia used to interfere in the US presidential elections. Do you really think that the regime profiting from said interference is going to punish their golden ticket?