If you are not the customer, then you are the product [Link]

[via GigaOm]

Facebook will pay out $9 million to approximately 614,000 users as part of a $20 million legal settlement that is intended to compensate users for the social network’s decision to display their pictures in “sponsored stories” ads without permission.

Federal Judge Questions SEC Settlement

2nd Federal Judge Questions SEC Settlement


A federal judge in Milwaukee has criticized the Securities and Exchange Commission for being too soft with corporate enforcement, marking the second time the agency has been criticized for weak settlements in the past month.


The idea of settlements is a bit too vague to me. They admit they are guilty, but they don’t. What is it really?