Possible $5B Facebook fine echoes European tech penalties

Possible $5B Facebook fine echoes European tech penalties

5 years ago
Anonymous $9jpehmcKty

https://apnews.com/9d0637dba4eb4856847005c2b44263cf

SAN FRANCISCO (AP) — The possibility of a $5 billion federal privacy fine for Facebook suggests that U.S. regulators may be taking a cue from the large penalties their European counterparts have been handing out to U.S. technology giants.

While investors appear to have shrugged it off for now, the potential fine from the U.S. Federal Trade Commission would be more than a slap on the wrist for Facebook, especially if it comes with strings that limit how the company targets advertising to its massive user base.