FTC fines Facebook $5B, adds oversight for privacy mishaps
https://apnews.com/47f5f7fd9e0941a880b929af081a37a0
WASHINGTON (AP) — Federal regulators have fined Facebook $5 billion for privacy violations and are instituting new oversight and restrictions on its business. But they are only holding CEO Mark Zuckerberg personally responsible in a limited fashion.
The fine is the largest the Federal Trade Commission has levied on a tech company, though it won't make much of a dent for a company that had nearly $56 billion in revenue last year.
FTC fines Facebook $5B, adds oversight for privacy mishaps
Jul 24, 2019, 1:46pm UTC
https://apnews.com/47f5f7fd9e0941a880b929af081a37a0
> WASHINGTON (AP) — Federal regulators have fined Facebook $5 billion for privacy violations and are instituting new oversight and restrictions on its business. But they are only holding CEO Mark Zuckerberg personally responsible in a limited fashion.
> The fine is the largest the Federal Trade Commission has levied on a tech company, though it won't make much of a dent for a company that had nearly $56 billion in revenue last year.