“Wall Street Journal” reported today that the US Federal Trade Commission has approved a $5 billion (about NT$155.2 billion) fine on Facebook to end the privacy of Facebook. Investigation of data protection vulnerabilities.
The Wall Street Journal pointed out that the Federal Trade Commission approved the settlement by 3 votes to 2 votes, and two Democratic members voted against it.
According to reports, the fine will be the heaviest to violate privacy rights and still need to be approved by the Ministry of Justice to finalize the case. Reuters quoted sources as saying that the final news may be announced as soon as next week.
The settlement will be in line with Facebook’s earlier estimate this year, and Facebook is expected to pay “$3 billion to $5 billion” to settle the lawsuit on “user data practices.”
After Facebook was kicked out and tens of millions of users were intercepted by the political consulting firm Cambridge Analytica, the Federal Trade Commission announced last year that it would investigate the privacy settlement agreement reached in 2011. Cambridge analysts served in the campaign camp for Trump in 2016.
Facebook also faces outside questions about whether it has violated previous agreements and improperly shared user data with business partners.