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.

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Image via AP Photo/Marcio Jose Sanchez, File

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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…

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