US Facebook fine over privacy could be in billions: reports

Facebook has been hit with various privacy scandals over the past year or so, and for the most part the company has managed to escape unscathed. However it looks like their run of luck could be over because in a report from The Washington Post, Facebook could be looking at a multibillion dollar fine from the FTC. The report claims that the FTC and Facebook are currently in talks to negotiate a fine that will settle the FTC’s investigation into Facebook’s privacy practices. Assuming that they manage to come up with a suitable number, this could very well be the largest fine imposed by the FTC on a tech company to date, but so far there is no word on how much it could be. Facebook has since confirmed that they are in talks with the FTC, but declined to offer any additional specifics. According to Democratic Sen Richard Blumenthal (Conn.), “Facebook faces a moment of reckoning and the only way it will come is through an FTC order with severe penalties and other sanctions that stop this kind of privacy mis

US Facebook fine over privacy could be in billions: reports

A US investigation into privacy violations by Facebook could result in a record fine running to billions of dollars, media reports said Friday.

Fri 15 Feb 19 from Phys.org

Report: Facebook, FTC discussing 'multibillion dollar' fine

A report says Facebook and the Federal Trade Commission are negotiating a "multibillion dollar" fine for the social network's privacy lapses.

Fri 15 Feb 19 from Phys.org

Facebook may face multi-billion dollar fine for Cambridge Analytica scandal

Facebook could face major privacy lawsuit from FTC if it doesn't agree to fine.

Fri 15 Feb 19 from Arstechnica

Facebook Could Be Hit With Multibillion Dollar Fine By The FTC

Facebook has been hit with various privacy scandals over the past year or so, and for the most part the company has managed to escape unscathed. However it looks like their run of luck ...

Thu 14 Feb 19 from Ubergizmo

Facebook reportedly negotiating multibillion dollar fine with FTC

Facebook is reportedly facing a record-breaking fine for its recent privacy lapses. According to the Washington Post, the social networking giant is negotiating an agreement with the ...

Thu 14 Feb 19 from Engadget

Facebook, FTC reportedly negotiating massive fine to settle privacy issues - CNET

The multi-billion dollar fine would be the largest ever imposed by the FTC, according to the Washington Post.

Thu 14 Feb 19 from CNET

Bookmark

Bookmark and Share