Facebook to pay five billion dollars over privacy Violations ||
The US Federal Trade Commission has jointly approve a fine of five billion dollars on Facebook due to privacy violations.
The sanctions follows an FTC investigation into allegations that the social media platform unlawfully gave information of 87 million users to Cambridge Analytica.
Cambridge Analytica, a British political consulting firm, currently closed.
The Wall Street Journal says that the vote was 3-2 between party lines, with Republicans in support and Democrats in opposition.
In most cases the Justice Department’s civil division will review settlements by the FTC but it isn’t clear how long this will take but it could be next week.
Including well the fine, the settlement could include rules on how Facebook treats the privacy of its users. Despite being the largest fine the FTC has approved on a tech company, it shouldn’t to trouble Facebook’s coffers