<unlike-us> FTC is reportedly considering a 'record-setting fine' against Facebook

[José María Mateos]

https://www.cnbc.com/2019/01/18/ftc-is-reportedly-considering-a-record-setting-fine-against-facebook.html

>From the article:

"The Federal Trade Commission is considering imposing a "record-setting fine" against Facebook for allegedly failing to protect users' data, The Washington Post reported Friday. Three people familiar with the discussions but unauthorized to speak on the record reportedly told the Post about the fine.

Facebook's stock slid slightly after the Post's report was published, but shares remained positive for the day.

Facebook was accused of misusing personal information of its users when reports last year found political consultant agency Cambridge Analytica used personal information from millions of Facebook users without their explicit consent. Following the reports in March, the FTC launched an investigation into the company's data practices.

The fine is expected to be in excess of the $22.5 million fine the FTC imposed on Google in 2012 for allegedly violating an agreement to improve privacy practices, the Post reported. Sources told the Post Facebook has talked with FTC staffers about the investigation."

Cheers,

-- 
José María (Chema) Mateos || https://rinzewind.org