Trade Commission has fine tech giant Facebook $5 billion for violating users’ privacy the Wall Street Journal reported Friday. The publication mentioned an anonymous person that is familiar with the matter.
The social media giant, Facebook declined to comment; the Federal Trade Commission did not immediately respond to messages for comment. The report clarified that the 3-2 vote broke along party lines, with Republicans in support and Democrats in opposition to the fine.
The Federal Trade Commission’s unstable decision has been moved to the Justice Department for review and further action, but we have not made success in getting to know how long it will stay at the Justice Department.
If finally implemented it will be the biggest fine the Federal Trade Commission has ever levied on a social media company. The fine will not make much different on Facebook who had an almost $56 billion in revenue last year. We are not particularly sure of other restrictions or conditions that go with the fine, but we’re certain that it will include limits on how Facebook handles user privacy and data.
Since the Cambridge Analytica debacle struck more than a year ago and caused the Federal Trade Commission investigation, Facebook has vowed to do a better job of corralling its users’ data. So far, its control of users’ data and privacy has remained very poor.
It’s gathered that Facebook has been acknowledged giving big tech companies like Amazon and Yahoo undue access to users’ personal data, by extension cutting them out of it too many community policies. Facebook also collected call and text logs from phones running Google’s Android system in 2015 as reported.