FTC Reportedly Fines Facebook $5 Billion for Privacy Violations

According to news reports, the Federal Trade Commission has voted to fine Facebook $5 billion for privacy violations following multiple well-publicized data breaches, including the Cambridge Analytica scandal. The agency reportedly approved the fine by a 3-2 vote. The fine, which will still have to be approved by the Department of Justice, is the highest levied against a technology company. The FTC has not yet confirmed the news. Read more here.

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