US authorities punish Facebook with $ 5 billion

[yota691]

US authorities punish Facebook with $ 5 billion

Minimum and Smart | 02:35 - 13/07/2019

 

 

 

Continue to Mawazine News 
The US Federal Trade Commission agreed to a settlement with "Facebook" impose a fine of about 5 billion dollars on the site, because of the "mismanagement of personal information of users." 
The committee found that how Facebook managed user data violated a deal between the two parties in 2011. 
This is the largest fine imposed by the Commission on a technology company, exceeding ten times the 2012 fine imposed on Google's estimated $ 22 million . 
The fining order will need final approval in the coming weeks from the Justice Department, which rarely rejects compromises reached by the federal commission.
Facebook agreed to adopt more comprehensive control policies on how to manage user data, but the terms of the agreement do not impose strict restrictions on how the site collects data and shares it with third parties. 
The decision to pay fines is one of the most stringent measures taken by the Trump administration, reflecting the government's intention to punish one of the country's largest and most influential companies.

[gregp]

Trump.....1

Left wing ......0  

 

Pre election payback. 😎 

[cws]

Not nearly enough!!  Should be shut down and owner thrown in jail.