Facebook has been fined $33 million for failing to help Brazilian authorities. The fine comes from two years ago when a court froze $6 million of Facebook's cash after it didn't hand over data for a criminal drug smuggling investigation. Facebook is apparently still not cooperating, and a judge just handed down a 111.7 reais ( $33 million) fine for failing to grant authorities access to messages related to the investigation according to a report from Reuters.
Tough to find non-Facebook news lately, and impossible to find any good Facebook news. $33 million is a massive amount of a fine for failure to comply, but unfortunately is barely a scratch in the companies $460.41 billion market cap.
The fine amounted to 1 million reais plus interest for every day Facebook did not comply with the order, beginning when it took effect in mid-June 2016, and ending when the corruption investigation was made public that September, police said.
Tough to find non-Facebook news lately, and impossible to find any good Facebook news. $33 million is a massive amount of a fine for failure to comply, but unfortunately is barely a scratch in the companies $460.41 billion market cap.
The fine amounted to 1 million reais plus interest for every day Facebook did not comply with the order, beginning when it took effect in mid-June 2016, and ending when the corruption investigation was made public that September, police said.
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