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Facebook Faces Financial Crisis As U.S. Govt. Imposes $5bn Fine

Refer.ng earning forum / General / Facebook Faces Financial Crisis As U.S. Govt. Imposes $5bn Fine 41 Views

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Facebook founder Mark Zuckerberg might be in serious financial difficulty if the U.S. government make good its threat to impose a fine of about five billion dollars against Facebook over privacy violations.


According to a report, Federal Trade Commission (FTC) has voted approving for the fine to be imposed.

The fine comes after an FTC investigation into allegations that the social media platform inappropriately shared the information of 87 million users with Cambridge Analytica.


Cambridge Analytica, a British political consulting firm, is now closed. The Wall Street Journal reported that the vote was 3-2 along party lines, with Republicans in support and Democrats in opposition to the fine.


In most cases the Justice Department’s civil division will review settlements by the FTC but it is not clear how long this will take but it could be as early as next week. As well as the fine, the settlement could include rules on how Facebook treats the privacy of its users.


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That's there own problem

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Facebook 0 privacy

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[ @iam_alibs: ] Facebook founder Mark Zuckerberg might be in serious financial difficulty if the U.S. government make good its threat to impose a fine of about five billion dollars against Facebook over privacy violations.


According to a report, Federal Trade Commission (FTC) has voted approving for the fine to be imposed.

The fine comes after an FTC investigation into allegations that the social media platform inappropriately shared the information of 87 million users with Cambridge Analytica.


Cambridge Analytica, a British political consulting firm, is now closed. The Wall Street Journal reported that the vote was 3-2 along party lines, with Republicans in support and Democrats in opposition to the fine.


In most cases the Justice Department’s civil division will review settlements by the FTC but it is not clear how long this will take but it could be as early as next week. As well as the fine, the settlement could include rules on how Facebook treats the privacy of its users.


ok

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wow, that is huge, very huge
and in this economic recession

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O God of Mercy... what's gonna happen next

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I can't believed DAT true or what

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This is serious

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Money matter done land again

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thats bad demaning huge amount it may paralyise the company and lead to financial instability and commitment.

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It has become so worrisome

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[ @iam_alibs: ] Facebook founder Mark Zuckerberg might be in serious financial difficulty if the U.S. government make good its threat to impose a fine of about five billion dollars against Facebook over privacy violations.


According to a report, Federal Trade Commission (FTC) has voted approving for the fine to be imposed.

The fine comes after an FTC investigation into allegations that the social media platform inappropriately shared the information of 87 million users with Cambridge Analytica.


Cambridge Analytica, a British political consulting firm, is now closed. The Wall Street Journal reported that the vote was 3-2 along party lines, with Republicans in support and Democrats in opposition to the fine.


In most cases the Justice Department’s civil division will review settlements by the FTC but it is not clear how long this will take but it could be as early as next week. As well as the fine, the settlement could include rules on how Facebook treats the privacy of its users.


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