FTC is reportedly considering a 'record-setting fine' against Facebook

The Federal Trade Commission is considering imposing a "record-setting fine" against Facebook for allegedly failing to protect users' data, The Washington Post reported Friday. Three people familiar with the discussions but unauthorized to speak on the record reportedly told the Post about the fine.

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Facebook was accused of misusing personal information of its users when reports last year found political consultant agency Cambridge Analytica used personal information from millions of Facebook users without their explicit consent. Following the reports in March, the FTC launched an investigation into the company's data practices.

The fine is expected to be in excess of the $22.5 million fine the FTC imposed on Google in 2012 for allegedly violating an agreement to improve privacy practices, the Post reported. Sources told the Post Facebook has talked with FTC staffers about the investigation.

Facebook signed a consent decree with the FTC in 2011 that required the company to receive explicit permission from users before sharing their personal data. In March, Bloomberg reported that the FTC's probe would look into whether Facebook violated the agreement.

More at https://www.cnbc.com/amp/2019/01/18/ftc-is-reportedly-considering-a-record-setting-fine-against-facebook.html

Fuckerberg and Sandberg should be hit with a much larger personal fine ...