U.S. regulators have met to discuss imposing a record-setting fine
against Facebook for violating a legally binding agreement with
the government to protect the privacy of its users’ personal data,
according to three people familiar with the deliberations but not
authorized to speak on the record.
The fine under consideration at the Federal Trade Commission, a
privacy and security watchdog that began probing Facebook last
year, would mark the first major punishment levied against
Facebook in the United States since reports emerged in March that
Cambridge Analytica, a political consultancy, accessed personal
information on about 87 million Facebook users without their
The penalty is expected to be much larger than the $22.5 million
fine the agency imposed on Google in 2012. That fine set a record
for the greatest penalty for violating an agreement with the FTC
to improve its privacy practices.
It could be 10 times the $22 million fine levied against Google and it wouldn’t make Facebook bat an eyelash or regret anything. The company needs to be broken up.