The fine would settle the FTC’s investigation into Facebook, which began in March 2018 following the latter’s Cambridge Analytica scandal. It could be the largest the FTC has ever given a tech company, but the exact amount has not yet been agreed on. If negotiations break down, the FTC could take the issue to court. Facebook confirmed it was discussing with the agency, but declined to comment further; the FTC declined to comment. (Washington Post)
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The fine would settle the FTC’s investigation into Facebook, which began in March 2018 following the latter’s Cambridge Analytica scandal. It could be the largest the FTC has ever given a tech company, but the exact amount has not yet been agreed on. If negotiations break down, the FTC could take the issue to court. Facebook confirmed it was discussing with the agency, but declined to comment further; the FTC declined to comment. (Washington Post)
Talking point: A fine of this scale could be a reckoning for Facebook in the United States after a year of privacy scandals. As Big Tech has gone largely unregulated in the past, it could signal the beginning of lawmakers finally cracking down. The largest fine the FTC has given a tech giant over mishandling consumer data so far was US$22.5 million to Google in 2012.
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