said 5 months, 1 week ago:
Here’s the story from Mashable: http://goo.gl/avM74
My outrage is not with the settlement. Three weeks ago Instagram, a company that was recently bought by Facebook for 715 million dollars announced a change in their TOS allowing them charge for ads without remunerating people who may appear in the ads.
Did no one at Facebook tell any one at Instagram about this class action law suit that basically says Facebook agreed to pay 20 million (pocket change for Z) for having done this? Or is Facebook growing up like and taking a que from BofA who writes a check for a 4 billion fine for money laundering that “they had no idea was going on” but had made so much in profits the fine was minor collateral?
Sometime I just gotta rant but – we’re evaluating ramping up our ad spend on FB to 1 – $3,000 per month going into spring – with a company who may turn our ads into evidence in a class action suit. Is Facebook management stupid, naive or smart like fox?