September 18, 2022
Facebook multi-billion dollar fine

Facebook could Still get Slapped with a Multi-Billion Dollar Fine by the FTC

A Facebook multi-billion dollar fine could eventually come from the Federal Trade Commission, stemming from a 2011 settlement violation…

Facebook faced a number of scandals last year and the bad news isn’t over yet for the social network. Two major newspapers, The Washington Post and The New York Times, are reporting the social corporation could still face a multi-billion dollar fine from the Federal Trade Commission.

FTC Facebook Multi-Billion Dollar Fine Possibly Forthcoming

The FTC is currently investigating Facebook and is also in talks with the company over a possible deal to settle the agency’s dispute.

The investigation centers around Facebook’s possible violation of a 2011 settlement with the FTC. In that case, the agency states Facebook, “deceived consumers by telling them they could keep their information on Facebook private, and then repeatedly allowing it to be shared and made public.”

Terms of the subsequent settlement prohibited Facebook from engaging in any misrepresentation of its user privacy or security protocols. It explicitly requires Facebook to obtain users’ express consent before changing its in-place privacy systems.

The Federal Trade Commission has the authority to levy a minimum fine of $70 billion, based on the scope of the social network’s violations, according to the Electronic Privacy Information Center.

Ashley Lipman

Ashley Lipman is a super-connector with Outreachmama who helps businesses find their audience online through outreach, partnerships, and networking.

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