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Posted On: 02/18/2019 5:18:59 PM
Post# of 65629
Facebook and FTC Are Negotiating < >
a Multi-Billion Dollar Fine over Privacy Breaches
According to the Washington Post, Facebook is in the process of negotiating with the FTC over a multi-billion dollar fine that would settle the agency’s investigation into Facebook’s privacy breaches.
The Washington Post reports that tech giant Facebook is currently negotiating a deal with the FTC to end the commission’s investigation into their recent privacy breaches. The fine potentially levied against Facebook is set to be the largest that the FTC has ever imposed on a tech company and is reported to be somewhere in the area of over a billion dollars — but a final figure has not yet been decided upon.
Discussions between the FTC and Facebook are currently being held in private but two sources with knowledge of the deal agreed to speak to the Post under the condition of anonymity. The largest fine that the FTC has ever brought against a tech firm was a $22.5 million penalty imposed upon Google in order to settle a probe into the company’s privacy practices in 2012. It now appears that the FTC is about to dwarf that previous record with its fines against Facebook.
a Multi-Billion Dollar Fine over Privacy Breaches
According to the Washington Post, Facebook is in the process of negotiating with the FTC over a multi-billion dollar fine that would settle the agency’s investigation into Facebook’s privacy breaches.
The Washington Post reports that tech giant Facebook is currently negotiating a deal with the FTC to end the commission’s investigation into their recent privacy breaches. The fine potentially levied against Facebook is set to be the largest that the FTC has ever imposed on a tech company and is reported to be somewhere in the area of over a billion dollars — but a final figure has not yet been decided upon.
Discussions between the FTC and Facebook are currently being held in private but two sources with knowledge of the deal agreed to speak to the Post under the condition of anonymity. The largest fine that the FTC has ever brought against a tech firm was a $22.5 million penalty imposed upon Google in order to settle a probe into the company’s privacy practices in 2012. It now appears that the FTC is about to dwarf that previous record with its fines against Facebook.
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