5,000 million dollars.
That is the price that Facebook paid to the Federal Trade Commission (FTC) to “protect [Mark] Zuckerberg” and “make the problems of it” fruit of the company’s bad practices disappear.
An affirmation included in a judicial process that the Facebook shareholders themselves have undertaken against their CEO and founder.
The origin of this billionaire payment dates back to 2018, when Facebook publicly recognized that your part of guilt in the Cambridge Analytics scandal.
A bad praxis by which Sillicon Valley company had to face the payment of a fine of 106 million dollars imposed by the General Committee of Trade (FTC, according to its acronym in English).
However, it is given the paradox that Facebook agreed to pay voluntarily almost 5,000 million more, 47 times the amount of the original sanction imposed by the public body.
A public body, the Federal Trade Commission, whose objective is to ensure and protect the interests and rights of consumers and combat monopolistic practices that go against the principles of free competition.
A public entity designed to protect neutrality that functions as an independent government agency in the United States.
That is, it is part of the state apparatus of administration but is not subject to the control or government guidelines that has been elected.
According to the demand filed by the Facebook shareholders themselves, this multimillionary payment was the result of a negotiation – a “quid pro quo”, they sustain the documents – between the company and the Federal Trade Commission with a double objective.
On the one hand, the payment of the 5,000 million guaranteed that the Federal Commerce Commission would not require Mark Zuckerberg with testimony on the Cambridge Analytical scandal.
On the other hand, this voluntary ticket paid with Facebook money was aimed at the Federal Trade Commission not to operate any process at a personal level against Zuckerberg and managers.
A processes that can bring millionly fines and that managers should face their own heritage, and not with Facebook.
“Zuckerberg, Sandberg and other Facebook directors agreed to authorize a multimillionary agreement with the Federal Trade Commission at a Quo Qu Express quid so that Zuckerberg was not named in the FTC process, it was subjected to personal responsibility
or was called to declare, “says the demand for shareholders.
The demand for shareholders also collects some important details about the functioning of the Facebook Board and on the methods used by Mark Zuckerberg so that it remains under its control.
“Zuckerberg has been methodically dedicated to filling the Board of Directors [of Facebook] of friends, crowded and employees. When some director has gathered the courage to plant him face and talk, Zuckerberg has expelled them,” explains the discontent shareholders.
“As expected,” the document continues, “the Board of Directors has never carried out a serious control over the unlimited authority of Zuckerberg. Instead, [the Board of Directors] has arranged, defended and paid billions of millions of
Dollars from corporate Facebook coffers to make their problems disappear. ”
The demand for shareholders is not the only problem that currently plans about the company.
Recently, after knowing the existence of internal Facebook reports on how Instagram had a harmful effect on the mental health of adolescents, the United States Senate is preparing a session to thoroughly investigate the impact of these social networks in young people
.
