Facebook could be fined 1,400 million euros by the eu

The latest Facebook security scandal has only just begun. The problems accumulate for the social network, which in addition to a possible class action lawsuit by its users, faces legal problems in Europe. Since the EU is considering taking measures against the umpteenth problem of security of the social network.

Facebook could be fined 1, 400 million euros by the EU

The European regulatory body plans to impose a million dollar fine on Mark Zuckerberg's company, which would be one of the highest of its kind so far.

New fine to Facebook

An investigation is underway into whether the company's actions go against the General Data Protection Regulation, which became official in May. If so, Facebook would face a fine of about 1, 400 million euros. This would be the maximum fine, since since the entry into force of the new law, the fines range from 20 million to 4% of income, which is why 1.4 billion come out.

It is still too early to guess the amount of this fine that the social network faces. The problems are serious in the company, which is not going through its best moment. What is clear is that the EU will not leave this problem without attending.

We will be attentive to the possible fine that Facebook will receive. Meanwhile, in the United States, the company may face a class action lawsuit by consumers. So months of the most complicated for the company are coming.

WSJ Font