cageymaru
Fully [H]
- Joined
- Apr 10, 2003
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According to a report from the Washington Post, Facebook is negotiating with the FCC over a multi-billion dollar fine for its privacy issues and practices. The fine is expected to be the largest ever levied against a tech company. In 2011, the FTC and Facebook reached a deal to improve the company's privacy practices. The FCC is arguing that the Cambridge Analytica scandal and more recent privacy snafus have breached that agreement. The FTC agreement required Facebook to be more transparent and notify users before it shares their data with third party entities. Facebook can accept the fine or fight it in court. If it takes its fight to court and loses, the social media giant could face even steeper fines. This FCC action could usher in a new age of scrutiny and monitoring for Silicon Valley companies in the future.
"Facebook faces a moment of reckoning and the only way it will come is through an FTC order with severe penalties and other sanctions that stop this kind of privacy misconduct going forward," said Sen Richard Blumenthal (Conn.). "They're hemorrhaging users, they're hemorrhaging trust, and I think this would only exacerbate the problem," said Justin Brookman, the director of consumer privacy and technology policy for Consumer Reports.
"Facebook faces a moment of reckoning and the only way it will come is through an FTC order with severe penalties and other sanctions that stop this kind of privacy misconduct going forward," said Sen Richard Blumenthal (Conn.). "They're hemorrhaging users, they're hemorrhaging trust, and I think this would only exacerbate the problem," said Justin Brookman, the director of consumer privacy and technology policy for Consumer Reports.