Facebook faces a $5B FTC fine, the largest ever in tech

Facebook faces a $5B FTC fine, the largest ever in tech

5 years ago
Anonymous $9jpehmcKty

https://apnews.com/87def64d3c5441d187d6ef91839d3796

At $5 billion, the fine the FTC is about to levy on Facebook is by far the largest it's given to a technology company, easily eclipsing the second largest, $22 million for Google in 2012.

The long-expected punishment, which Facebook is well prepared for, is unlikely to make a dent in the social media giant's deep pockets. But it will also likely saddle the company with additional restrictions and another lengthy stretch of strict scrutiny.

Facebook faces a $5B FTC fine, the largest ever in tech

Jul 13, 2019, 6:14am UTC
https://apnews.com/87def64d3c5441d187d6ef91839d3796 > At $5 billion, the fine the FTC is about to levy on Facebook is by far the largest it's given to a technology company, easily eclipsing the second largest, $22 million for Google in 2012. > The long-expected punishment, which Facebook is well prepared for, is unlikely to make a dent in the social media giant's deep pockets. But it will also likely saddle the company with additional restrictions and another lengthy stretch of strict scrutiny.