Report: Facebook, FTC Discussing ‘Multibillion Dollar’ Fine
At issue is whether Facebook is in violation of a 2011 agreement with the FTC promising to protect user privacy.
This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.
NEW YORK (AP) — A report says Facebook and the Federal Trade Commission are negotiating a “multibillion dollar” fine for the social network’s privacy lapses. The Washington Post said Thursday that the fine would be the largest ever imposed on a tech company. Citing unnamed sources, it also said the two sides have not yet agreed on an exact amount. Facebook has had several high-profile privacy lapses in the past couple of years. The FTC…