FTC

The $5 billion Facebook fine is embarrassingly weak

The $5 billion Facebook fine is embarrassingly weak

On Friday the US Federal Trade Commission handed Facebook a $5 billion fine for its involvement with the Cambridge Analytica scandal and for breaking its 2011 agreement with the organization. But here’s the real kicker: the government spent months trying to come up with a suitable punishment for Facebook β€” but it ended up handing it one that increased the stock price and value of the company.

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