SAN FRANCISCO – Facebook said Wednesday it is expected to be fined $ 5 billion by the Federal Trade Commission for privacy violations, which would mean a record fine for a technology agency by the agency.
The social network revealed the amount in the quarterly results and said it estimated a one-time $ 3 billion to $ 5 billion related to a "current query" with FTC Facebook added that "the case remains unresolved."
The Silicon Valley Company and F.T.C. Consumer Protection and Enforcement Staff have been negotiating for months over an economic punishment for allegations that Facebook violated a 201
Last year, the social network was again set on fire to abuse user data, including improper handling of people's data involving Cambridge Analytica, a political consulting firm, and a large data breach.