Facebook’s FTC headache will soon be over and it looks like Mark Zuckerberg will emerge unscathed.
The Federal Trade Commission will formally announce its record-setting $5 billion fine against Facebook this week, according The Wall Street Journal.
The fine, the result of the FTC’s long-running investigation into the social network’s privacy practices following Cambridge Analytica, will be the largest the agency has ever brought against a tech company. Still, many critics have already said the fine does not go far enough to punish Facebook, which took in more than $15 billion last quarter alone. (Facebook’s stock actually rose following news of the fine earlier this month.) Read more…
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