Facebook can pay $ 5bn for repeated privacy violations

Facebook can pay $ 5bn for repeated privacy violations

The history of privacy violations of Facebook users has won yet another chapter. According to the matter of the newspaper The Wall Street Journal, published on Friday (12), the social network tries a $ 5 billion according to the FTC (Federal Trade Commission).

This week the FTC voted the document with three Republican commissioners ruling in favor and two commissioners against. Now he has been transferred to the civil division of the Department of Justice for analysis, but it is not yet clear how long the verdict will take. Besides the fine, it is unclear what the deal will require from Facebook.

In April,the platform announced that it has separated $ 3 billion as part of the expected value of the penalty. The agreement, the details of which were first disclosed by The Washington Post in February, should refer mainly to the Cambridge Analytica data leak scandal of 2018, as well as the seemingly endless series of breaches and subsequent leaks that haunt Facebook since So.

In its most recent quarterly earnings report, Facebook posted $ 15.1 billion in sales, up 26 percent from a year earlier. At that time, $ 3 billion accounted for about 6 percent of the cash and marketable securities the network had available.

If the deal is approved, the fine will be the highest in FTC history (the current record is Google's in 2012, about $ 22.5 million). At the same time, a $ 5 billion loss is unlikely to have much impact on the site, which posted record profits this year.

via Digital Look :: News https://ift.tt/2l5nBU6

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