Mike Isaac and Cecilia Kang / New York Times
Mike Isaac and Cecilia Kang / New York Times
Facebook Expects to Be Fined Up to $5 Billion by the FTC in Privacy Probe, Would Shatter Previous Such Record Fine by $4.98 Billion
In its latest quarter’s earnings call, Facebook said it expected to be fined up to $5 billion by the Federal Trade Commission (FTC) for privacy violations, which would be a record for the FTC against a technology company. The previous such record fine was only $22 million, levied against Google in 2012 for misrepresenting some of its online tracking tools. Facebook has been working with the FTC on an investigation that the social media giant violated a 2011 consent decree when it provided users data to controversial political data analysis firm Cambridge Analytica without users’ consent.
Related: Star Tribune, USA Today, TechCrunch, Android Central , Evening Standard, Reuters, Channel News Asia, TIME, Slashdot, GeekWire, TODAYonline, AP Breaking News, Tech Insider, Investor’s Business Daily, Axios, Facebook
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