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Banning TikTok Won’t Keep Your Data Safe | Pompous billionaires, authoritarian regimes, and opaque oligarchs are hoarding our data. Only an alternative online ecosystem will stop them. (foreignpolicy.com)

submitted 2 months ago by silence7@slrpnk.net to c/technology@lemmy.world

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[–] FiniteBanjo@lemmy.today 0 points 2 months ago

Facebook spent years in court just to get hit with the largest fine in the history of fines, 5,000,000,000.00 USD. They also payed another 725,000,000.00 in lawsuits.

All for selling to a British market research company that they had no idea was a Russian shell.

Idk how much you think they made off the deal, but probably nowhere close to as much as they lost.