Facebook Could Be Looking At A Record Setting Fine From The FTC

Something that warms my heart is Facebook being held accountable for everything related to their privacy gong show of the last year. U.S. regulators have apparently met to discuss imposing a record-setting fine against Facebook for violating a legally binding agreement with the government to protect the privacy of its users’ personal data according to The Washington Post:

The fine under consideration at the Federal Trade Commission, a privacy and security watchdog that began probing Facebook last year, would mark the first major punishment levied against Facebook in the United States since reports emerged in March that Cambridge Analytica, a political consultancy, accessed personal information on about 87 million Facebook users without their knowledge. The penalty is expected to be much larger than the $22.5 million fine the agency imposed on Google in 2012. That fine set a record for the greatest penalty for violating an agreement with the FTC to improve its privacy practices.

For it to be effective, it has to be hundreds of millions or billions of dollars. I say that because anything less and Facebook won’t get the message. Which is that they can’t simply do whatever and expect people not to care. Thus I hope this report is accurate and this is the start of Facebook being served some cold hard justice.

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