The $5 billion penalty is all-but-inconsequential to a company as profitable as Facebook. The new oversight structure has some major flaws and weaknesses. The settlement does little to limit Zuckerberg’s power and doesn’t hold him personally accountable for the actions of a company that he alone controls. And the agreement does almost nothing to stop the collection and sharing of data — or the use of it for targeted advertising — that was at the heart of the company’s privacy violations.

Facebook’s privacy agreement with the FTC does little to constrain it – Business Insider

Jeezus…