FTC Fines Facebook $5B, Adds Oversight for Privacy Mishaps

The fine is the largest the Federal Trade Commission has levied on a tech company.

  • Published 24 July 2019

WASHINGTON (AP) — Federal regulators have fined Facebook $5 billion for privacy violations and are instituting new oversight and restrictions on its business. But they are only holding CEO Mark Zuckerberg personally responsible in a limited fashion. The fine is the largest the Federal Trade Commission has levied on a tech company, though it won't make much of a dent for a company that had nearly $56 billion in revenue last year. As part of… Read at AP News