Facebook faces a $5B FTC fine, the largest ever in tech.
At $5 billion, the fine the FTC is about to levy on Facebook is by far the largest it's given to a technology company, easily eclipsing the second largest, $22 million for Google in 2012.
The case now moves to the Justice Department's civil division for review. It's unclear how long the process would take, though it is likely to be approved. A Justice Department spokeswoman declined to comment on the Facebook matter. But while Wall Street — and likely Facebook executives — may be breathing a little easier, the fine alone has not appeased Facebook critics, including privacy advocates and lawmakers.
"Privacy regulation in the U.S. is broken. While large after-the-fact fines matter, what is much more important is strong, clear rules to protect consumers," said Nuala O'Connor, president and CEO of the Center for Democracy and Technology. The CDT is pushing for federal online privacy legislation.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Report: FTC approves roughly $5B fine for FacebookThe FTC has voted to approve a fine of about $5 billion for Facebook over privacy violations, the Wall Street Journal reported Friday. Facebook and the FTC declined to comment. The Journal said the 3-2 vote broke along party lines, with Republicans in support and Democrats in opposition to the settlement
Leer más »
FTC approves $5B Facebook settlement that Democrats label 'chump change'Facebook's stock price rose in afternoon and after-market trading on Friday, after The Wall Street Journal first reported the settlement.
Leer más »
FTC Approves Roughly $5 Billion Facebook SettlementThe Federal Trade Commission voted this week to approve a roughly $5 billion settlement with Facebook over a long-running probe into the tech giant’s privacy missteps.
Leer más »
The FTC has approved a $5 billion settlement with FacebookBREAKING: The FTC has approved a $5 billion settlement with Facebook
Leer más »
Facebook stock moves higher after report of $5 billion FTC settlementFacebook Inc. shares moved to their highest prices of the day Friday afternoon after a report that the Federal Trade Commission voted to impose a record $5...
Leer más »