Facebook Could Receive Record Fine From FTC, Sources Say -- WP
January 18 2019 - 4:06PM
Dow Jones News
-- The U.S. Federal Trade Commission is considering imposing a
record fine against Facebook for violating an agreement to protect
users' data, The Washington Post reports Friday, citing "three
people familiar with the deliberations."
-- Facebook has spoken with the FTC, but it is unclear if the
company would try to make a settlement with the agency, the report
said.
-- The expectation is the penalty against Facebook would be much
larger than the $22.5 million fine the FTC imposed on Google in
2012, the report said.
Full story:
https://www.washingtonpost.com/technology/2019/01/18/us-regulators-have-met-discuss-imposing-record-setting-fine-against-facebook-some-its-privacy-violations/?utm_term=.13537b1a9181
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
January 18, 2019 15:51 ET (20:51 GMT)
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