Facebook may receive FTC fine of billions of dollars

Feb

15

2019

Facebook may receive FTC fine of billions of dollars for privacy breach
Facebook negotiates with the US Federal Trade Commission about the amount of a fine and other sanctions for the privacy problems caused by the social network. The fine could amount to several billion dollars.

If Facebook and the FTC do not agree on the details of the settlement, the FTC may go to court to enforce sanctions. The Washington Post writes this on the basis of information from two sources that are familiar with the negotiations.

The FTC launched an investigation into Facebook’s practices in March last year when it became known that Cambridge Analytica was able to use data from millions of users of the social network for political purposes. The FTC signed an agreement with Facebook in 2011 that promised to protect the privacy of users.

The research that the FTC set in motion last year is aimed at investigating whether that promise has been broken with the practices that have come to light. So far, the highest fine that the FTC has imposed on a tech company for trading in violation of an agreement is $ 22.5 million. That fine communicated the authority to Google .

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