Facebook Received a Record $$ 5 Billion Penalty, but That's Just

This updated guide examines Facebook Received a Record $$ 5 Billion Penalty, but That's Just and organizes the essential facts, background, and practical takeaways in clear American English.

Beginning in March/2018, a week after the information on the Cambridge Analytica collected data of tens of millions of Facebook users, FTC opened an investigation regarding Facebook's data activities.

Since 2011, in an agreement to deal with Facebook's alleged user deception, poor social networks have committed to FTC about not sharing user data with third parties without them. allow. However, it was not until 2015 that Facebook actually blocked access to the Cambridge Analytica.

FTC's $ 5 billion fine for Facebook for violating privacy is far from the previous record, which Google was fined in 2012 ($ 22.5 million, equivalent to about VND 523 billion) due to its own rights policy. From Safari browser.

However, this $ 5 billion figure does not seem to get in the way compared to Facebook's last quarter revenue ($ 15 billion). Even after news of the fine, Facebook's stock price increased.

Many experts say that any amount of money is hard enough to punish a large-scale company like Facebook, it is just like their 'ticket'.

Details of FTC's fines for Facebook have not been disclosed and both sides have declined to comment.