A $5 Billion Fine Won’t Stop Facebook’s Exploitative Business Model

Facebook’s new cryptocurrency Libra may strengthen these trends.

July 19, 2019 by Newsclick

Newsclick’s Prabir Purkayastha talks about the implication of the $5 billion settlement Facebook has reached with the US Federal Trade Commission, and how such measures are unlikely to affect the company’s business model that extracts users’ data and violates their privacy.