Facebook and officials at the Federal Trade Commission are in discussions right now negotiating a multibillion-dollar fine to settle the agency’s investigation into the company’s past privacy practices, according to The Washington Post. It would be the largest fine the FTC has ever levied on a tech company. But according to the Post, the fine’s specific amount has yet to be determined.
As it stands, the largest fine ever imposed by the FTC was a $22.5 million penalty on Google back in 2012 after regulators determined the search giant had tracked users of Apple’s Safari web browser after saying explicitly that it wouldn’t do so.
That same year, Facebook entered into a consent decree with the FTC, agreeing that it would no longer deceive...
from The Verge - All Posts http://bit.ly/2GJOvcU
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