Facebook to be fined $5bn for Cambridge Analytica privacy violations – reports
By Julia Carrie Wong
The $5bn fine would be the largest ever levied by the Federal Trade Commission against a technology company
Aaron Bernstein/Reuters
The fine will hardly make a dent in Facebook’s bank account; the company had more than $15bn in revenue in the first three months of 2019.
The Federal Trade Commission has reportedly voted to approve fining Facebook roughly $5bn to settle an investigation into the company’s privacy violations that was launched following the Cambridge Analytica revelations.
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