Business Privacy

FTC and Facebook Negotiating a Multi-Billion Dollar Fine That Would Settle Privacy Investigation

The Infinite Brief
The Federal Trade Commission and Facebook are negotiating over a multi-billion dollar fine that would settle the agency’s investigation into the social media giant’s privacy practices.

The fine would be the largest the agency has ever imposed on a technology company, but the two sides have not yet agreed on an exact amount.

Facebook confirmed it is in discussions with the agency but declined to comment further. The FTC declined to comment.

For the FTC, a significant punishment levied against Facebook could represent a new era of scrutiny for Silicon Valley companies after years of privacy missteps.

Curated from The Washington Post

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