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Two senators call on FTC to hit Facebook with more than a big fine

Two senators call on FTC to hit Facebook with more than a big fine

5 years ago
Anonymous $9jpehmcKty

https://www.cnet.com/news/two-senators-call-on-ftc-to-hit-facebook-with-more-than-a-big-fine/

The request comes amid mounting expectation the FTC and Facebook are negotiating a fine of as much as $5 billion, which would be the largest ever levied by the agency. In an earnings report last month, Facebook prepared investors for such a fine, saying it had already set aside funds to cover at least part of it.

A fine, regardless of its size, might not be enough to satisfy the two senators, who called on the FTC to target individual executives for punishment.

Two senators call on FTC to hit Facebook with more than a big fine

May 6, 2019, 9:40pm UTC
https://www.cnet.com/news/two-senators-call-on-ftc-to-hit-facebook-with-more-than-a-big-fine/ > The request comes amid mounting expectation the FTC and Facebook are negotiating a fine of as much as $5 billion, which would be the largest ever levied by the agency. In an earnings report last month, Facebook prepared investors for such a fine, saying it had already set aside funds to cover at least part of it. > A fine, regardless of its size, might not be enough to satisfy the two senators, who called on the FTC to target individual executives for punishment.