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FTC has trouble reaching agreement on how much to become good Facebook



Last month, we told you that Facebook had charged $ 3 billion in revenue from the first quarter. The company made this bookkeeping entry pending receiving a $ 3 billion to $ 5 billion fine from the FTC linked to the Cambridge Analytica scandal. 87 million Facebook users had reportedly received their personal profiles sold to the now-defunct consulting firm by a third party without their consent. It happened to violate an FTC consortium cover that Facebook was signed back in 2011. The decree ordered Facebook not to share its subscriber profiles without permission.
At the same time, the FTC has had trouble deciding how difficult to scour Facebook, New York Time Reports. The newspaper quotes a trio of anonymous sources familiar with the Commissioner's discussions. They say a few months ago, the five FTC commissioners agreed to hit Facebook with a "historic penalty" designed to match the severity of Facebook's offense. But now it seems that the commissioners are fighting among themselves, not being able to reach agreement on how big a fine should withdraw from the company.

In addition to criticizing Facebook's punishment, two of the anonymous sources say that commissioners are divided on what to do with Facebook founder and CEO Mark Zuckerberg. The question is how much he should be punished and held personally responsible for the use of these user profiles. The company says that Zuckerberg should not be held responsible for the actions of its 35,000 employees.

Some expect that Facebook's ultimate punishment should only be slim on the wrist. Nevertheless, a $ 5 billion fine will account for just over a third of the company's first-quarter revenue. There will also be about 9% of Facebook's 2018 revenue of $ 55.8 billion. It would be even higher than the 4% of revenues that companies can get fined to break the EU's general data protection regulation (GDPR). The regulation came into force last year and requires that a company obtain consent from a consumer living in the EU before using his or her personal data.


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