According to a Friday report by The Washington Post, federal regulators have discussed imposing a "record-setting fine against Facebook" for violating the company's 2011 consent decree with the Federal Trade Commission.
The penalty, made through the Federal Trade Commission, is expected to exceed the $22.5million fine imposed on Google in 2012.
The highest financial penalty ever imposed by FTC was $22.5 million on Google in 2012 for privacy violations, and the Facebook fine is "expected to be in the excess of that", according to The Washington Post. Back then it was revealed that the political consultancy firm Cambridge Analytica harvested personal data of tens of millions of Facebook users without their prior consent with the aim of targeting them with political messaging. While Facebook sells ads based on the information consumers share with it, many consumers were unaware their data had been provided to Cambridge Analytica through a policy that allowed app developers to gain access to their friends' data.
Manchester United vs. Brighton
That was the icing on the cake for the 25-year-old who has become a key member of Ole Gunnar Solskjaer's new-look United team. Now we have six forwards and we play with three most of the time . "It's been a roller coaster and it's class to be here".
Soltani also wondered if news of the pending deal wasn't leaked by Facebook itself as a way to signal to Congress that the company was complying and had remedied lawmakers' concerns, which would benefit both the company and the FTC if it appears that the fines are significant and that the company has paid its dues. Facebook also declined to comment. The agreement required the company to solicit permission from users before their data is shared with third parties beyond the ways that are set out in existing privacy settings.
Since the Cambridge Analytica erupted 10 months ago, Facebook has vowed to do a better job corralling its users' data. The attorney general of the District of Columbia has mounted a lawsuit against the tech giant for its missteps. The commissioners voted unanimously to end the investigation after Google agreed to voluntarily change some of his practices, a move that led to widespread frustration among agency staff, one of the people said.