The Federal Trade Commission (FTC) has voted to approve a fine of about five billion dollars against Facebook over user privacy violations.
Recalled that last March, there were reports that Facebook had permitted Cambridge Analytica, a British consulting firm which was involved in the US Presidential 2016 campaign inappropriately collected and shared information of 87 million users.
In spite of being the biggest fine the FTC has affirmed on a tech organization, it is probably not going to inconvenience Facebook’s coffers
By and large the Justice Department’s thoughtful division will audit settlements by the FTC however it isn’t clear to what extent this will take yet it could be as right on time as one week from now. Just as the fine, the settlement could incorporate guidelines on how Facebook treats the protection of its clients.