$5 billion is barely 3 months profit. Might as well spank Zuckerberg with a feather.
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Great, I’m so glad they are going to hit them where it hurts, that means 15 billion as they have to make three tones the money to have 5 billion.
What you posted makes zero sense. They’re required to pay $5 billion, not go out and earn $15 billion in additional revenue to pay it. Plus the $5 billion is a write off so in reality it’s even less.
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What will that $5B now support?
Fines go into the US Treasury along with revenues from taxes, etc. Given that the federal budget is north of $4 trillion, how the $5 billion is spent is like asking how much more food could you buy if you found a nickel under your couch cushion.
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I believe that money should go to Facebook users that lost their privacy not to government.
And how do you propose to measure who gets paid and how much?
Thought so.