FTC fines Facebook $5B, adds oversight for privacy mishaps

FTC fines Facebook $5B, adds oversight for privacy mishaps

5 years ago
Anonymous $9jpehmcKty

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.

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