Facebook Ordered to Pay $5 Billion Penalty Over Privacy Breach
A social media giant will have to pay a record breaking $5 billion fine for violating user privacy. Facebook has exposed the personal data of 87 million users to a political analysis firm called Cambridge Analytica. According to the Federal Trade Commission, the tech giant also used the data to target ads to users.
The Washington Post reported that the FTC originally planned to fine Facebook tens of billions of dollars and hold CEO, Mark Zuckerberg accountable. But, after years of privacy concerns, Facebook has agreed to the deal of the lesser amount. The $5 billion fine is the biggest civil penalty ever levied by the FTC.