Friday, October 7, 2022

Facebook faces the risk of being fined billions of dollars


Izaan Zubair
Technology writer @ WNObserver

2018-2019 is a bad time for Facebook when it is constantly involved in the legal round, recently the risk of facing a bill of billions of dollars from FTC.

The Washington Post said Facebook was negotiating to resolve the problem of leaking user data over the past time with the FTC (US Federal Trade Commission) and if negotiations failed, the world’s largest social network may face a fine of up to billions of US dollars.

Previously, we have heard that the number of fines still holds a record of 22.5 million dollars. That’s the amount that Google has to pay, but now it is very likely that Facebook will be fined thousands of times this figure.

Specifically, in 2011 Facebook committed to the FTC about privacy and user data sharing for third parties. Then, in March 2018, FTC opened an investigation into the social network company.

Today, another report has shed light on Facebook’s inner workings. CNBC quoted the employees working at Facebook and staffed the company about having a list of former employees and those who had “alarmed” signs at the company. Even, Facebook also tracks the live position of former employees via data from Facebook applications when needed.

And if Facebook is concluded by FTC, the company will be subject to a two-way agreement of $ 41,282. On the other hand, if Facebook does not accept it, it will push to court and be fined up to billions of dollars.


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