May 20 - Facebook Could Owe All Users 10k

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 5 years ago '12        #1
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Tha 23rd Buchan 8 heat pts
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May 20 - Facebook Could Owe All Users 10k
 

 

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A Facebook user is suing Facebook for violation of privacy issues. As a class-action suit, the amount the complainant believes Facebook should owe is $15 billion.


It’s sometimes scary to think about just how much of your personal information Facebook holds. Too much, apparently, for a Facebook user who is suing the company in a class-action suit over violating its users’ privacy. Facebook is being accused of tracking data on its users even after users have logged out of the site.

“This is not just a damages action, but a groundbreaking digital-privacy rights case that could have wide and significant legal and business implications,” said David Straite, a partner at Stewarts Law, in an emailed statement to Bloomberg.

This lawsuit, filed on the 17th in San Jose, California, includes 21 other lawsuits also accusing Facebook of invading user privacy. According to the filing, by the U.S. Wiretap Act every Facebook user is owed up to $10,000 for over $100 per count of violation. Between Facebook’s over 800 million users, that’s somewhere in the ballpark of $15 billion that Facebook would owe. Considering Facebook’s impressive IPO, it’s… probably not entirely out of the realm of possibility, but $15 billion is a hard figure to swallow.



4:00 AM - May 20, 2012 - By Catherine Cai - Source : Venturebeat


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 Facebook Faces $15 Billion Class-Action Suit Over Privacy


Last edited by Tha 23rd Buchan; 05-20-2012 at 07:57 PM..

125 comments for "May 20 - Facebook Could Owe All Users 10k"

 05-20-2012, 08:07 PM         #2
evici1 
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Bullsh*t, No Ones Gettin' 10k Bud
 5 years ago '11        #3
2HIGHlife 
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[video - click to view]

 05-20-2012, 08:24 PM         #4
reese0809 
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.....waiting for my cut. Thats enough to pay my car off and put a down payment on another one
 5 years ago '11        #5
panelas 31 heat pts31
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this would be so awesome
 5 years ago '08        #6
UnkleLuc_ 3 heat pts
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im down
 5 years ago '04        #7
D1nOnlyMrM@ 42 heat pts42
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i say we spread the news





















ALL THE KENTUCKY FRIED CHICKEN AND WATERMELON ARE GOOOONNNNE
 5 years ago '05        #8
GST 
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*joins facebook
 5 years ago '04        #9
doczdaname 27 heat pts27
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 reese0809 said:
.....waiting for my cut. Thats enough to pay my car off and put a down payment on another one
why would you buy another car?
 5 years ago '08        #10
shush456 
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imma be ignorant and spend money like that 10 K is in the mail lol... i have a feeling if FB lost and had to really pay ppl would they still be fine money wise.. could b wrong
 5 years ago '08        #11
shush456 
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 doczdaname said:
why would you buy another car?
u dont know we repeat foolishness? dude prolly think Twitter got a 20k check coming after that 10k up
 5 years ago '08        #12
UnkleLuc_ 3 heat pts
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 doczdaname said:
why would you buy another car?


 5 years ago '05        #13
Stuart Scott 185 heat pts185
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Wouldn't make sense that would be about 8 trillion dollars then no?
 5 years ago '04        #14
J.BEEZY 10 heat pts10
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ill take that
 5 years ago '04        #15
NaMeLeSs- 83 heat pts83
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this would create another housing bubble
 05-21-2012, 04:06 PM         #16
Cheesypoof 
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 NaMeLeSs- said:
this would create another housing bubble
troll or mentally retarded?
 5 years ago '06        #17
youngral 
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Doubt it happens but, if it does
 5 years ago '04        #18
UF4Soldier 124 heat pts124
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 Tha 23rd Buchan said:

[pic - click to view]




A Facebook user is suing Facebook for violation of privacy issues. As a class-action suit, the amount the complainant believes Facebook should owe is $15 billion.


It’s sometimes scary to think about just how much of your personal information Facebook holds. Too much, apparently, for a Facebook user who is suing the company in a class-action suit over violating its users’ privacy. Facebook is being accused of tracking data on its users even after users have logged out of the site.

“This is not just a damages action, but a groundbreaking digital-privacy rights case that could have wide and significant legal and business implications,” said David Straite, a partner at Stewarts Law, in an emailed statement to Bloomberg.

This lawsuit, filed on the 17th in San Jose, California, includes 21 other lawsuits also accusing Facebook of invading user privacy. According to the filing, by the U.S. Wiretap Act every Facebook user is owed up to $10,000 for over $100 per count of violation. Between Facebook’s over 800 million users, that’s somewhere in the ballpark of $15 billion that Facebook would owe. Considering Facebook’s impressive IPO, it’s… probably not entirely out of the realm of possibility, but $15 billion is a hard figure to swallow.



4:00 AM - May 20, 2012 - By Catherine Cai - Source : Venturebeat

everyone knows facebook does this so does google sh*t even boxden ever notice how all the adds are for sh*t u just were looking at !
 5 years ago '06        #19
Manny05 1 heat pts
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Wow that would really help my school bill. And be able to buy a car
 05-21-2012, 04:30 PM         #20
Sam Rothstein 
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An extra 10k would put me over that hump and maybe I could find a decent piece of property in a small town, somewhere close to a major city here in Florida. sh*t, I already have a car that's paid for, might not be a new model, but fu*k it I'm good.
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