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Who needs venture capital money when you have litigation? Facebook was awarded $711 million in damages Thursday in an anti-spam case against Sanford Wallace, an internet marketer. The popular social networking platform went after Wallace for tapping its users' accounts without their permission and sending fake posts and messages.

Wallace has quite a reputation for spamming, having gained the nicknames "Spam King" and "Spamford" back in the 1990s, when he was good for up to 30 million spam e-mails a day.

Continue reading Facebook picks up $711 million; Spam King faces jail time

Facebook picks up $711 million; Spam King faces jail time originally appeared on BloggingStocks on Sun, 01 Nov 2009 14:40:00 EST. Please see our terms for use of feeds.

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