The New York Times: Quotation of the Day: Facebook Says U.S. Regulators Will Hit It Hard

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“This would be a joke of a fine — a two-weeks-of-revenue, parking-ticket-level penalty for destroying democracy.”

MATT STOLLER, a fellow at the Open Markets Institute, a think tank that is a vocal critic of the power of tech companies, on an expected $5 billion fine against Facebook by the Federal Trade Commission over privacy issues.

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In America today, wealth and political power are more concentrated than at any point in our country’s history.

The Open Markets Institute, formerly the Open Markets program at New America, was founded to protect liberty and democracy from these extreme -- and growing -- concentrations of private power.

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