Proposed bill would make monopolies pay “serious” fines

By Kate Cox -

The senators want lawbreaking to come with "serious financial consequences."

martince2 | Getty Images

You can't send corporate "persons" directly to jail, but you can charge them a lot of money.

The Federal Trade Commission's recent $5 billion settlement with Facebook largely drew two responses. One holds that $5 billion is objectively a large sum of money, while the other holds that, against Facebook's $55 billion 2018 revenue, the penalty amounts to mere drops in the ocean that will go completely unnoticed within the mammoth company.

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