SAN FRANCISCO – Facebook said Wednesday it is expected to be fined up to $ 5 billion by the Federal Trade Commission for privacy breaches, in what would constitute a record penalty for a technology company by the agency.
The social network revealed the amount of quarterly financial results and said it was estimated a one-time $ 3 billion to $ 5 billion fee for an "ongoing request" 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 a financial penalty for claiming Facebook violated a 201
Last year, the social network fire again became abusive for user data, including improper handling of people's data involving Cambridge Analytica, a political consulting firm, and a major data breach.