Good ole Facebook never can sustain any reasonable good mantra in the political theater.
According to Bloomberg, A U.S. privacy investigation of Facebook Inc., begun after a major data breach was exposed in March, is likely to result in a record fine against the company, according to a person familiar with the matter.
The Federal Trade Commission, the nation’s chief privacy watchdog, is weighing a penalty against the social-media giant for violating a 2011 settlement with the agency that required the company to take a series of steps to protect users’ personal information, said the person, who asked not to be named because the investigation is confidential. The probe may be months from completion, the person said as quoted from Bloomberg.
The agency’s previous record fine in a privacy action came in 2012, when Google paid $22.5 million for misrepresenting to users of the Safari internet browser that it wouldn’t place advertising trackers known as cookies on their computers. The amount was minuscule for Google, which reported net income of $10.7 billion that year.