Facebook fined $ 5 billion by ftc
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Facebook has been expected to receive a fine from the FTC (Federal Trade Commission) for weeks. Something we know would happen, but the amount was unknown, something that has finally been revealed. Because the social network is going to pay dearly for their privacy problems, which are causing them many headaches these years. $ 5 billion fine.
Facebook fined $ 5 billion for privacy concerns
It was estimated to be around 3, 500 million, but ultimately it is higher than what the social network itself expected. A clear sign of all his problems these years.
Millionaire fine
It is also the largest fine in FTC history with a technology company. So Facebook also gets this honor. Now he moves to the Justice Department to continue the process, which may take even a few months. In addition, the amounts of the fines could be changed as well. For now we don't know if this is going to happen or not.
On the other hand, it is revealed that restrictions are imposed against the social network, due to its inappropriate treatment of users' private data. Although we do not know what measures these are or the consequences they have for the company.
In any case, the process is not over yet. So it is possible that this fine to Facebook is going to be less than expected, or that they end up having to pay these 5, 000 million. What is clear is that the social network pays dearly for its problems with privacy.
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