The U.S. is About to Hit Facebook With a Multi-Billion Dollar Fine

ftc facebook multi billion fine

Massive Fine

Facebook’s sketchy history with users’ privacy rights is finally starting to catch up with it.

The Washington Post reports that the Federal Trade Commission (FTC) and Facebook are negotiating over a “multi-billion dollar fine” to settle the FTC’s investigation into the social network’s shady privacy practices.

The Commission’s investigation began almost a year ago, when the Cambridge Analytica scandal landed: a UK data mining company found to be involved with Donald Trump’s 2016 presidential campaign, accessed data about millions of its users without permission.

The FTC accused Facebook of not being transparent enough about its data sharing practices. While the two sides still have to agree on an exact amount — details surrounding the fine are still sparse — it could become the largest-ever fine the FTC has ever imposed on a technology company.

Source

Sharing is caring!

Leave a Comment

Your email address will not be published. Required fields are marked *

shares