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The FTC and Facebook Are Negotiating a Record, Multibillion-Dollar Fine for the Company’s Privacy Lapses

Tony Romm, reporting for The Washington Post:

The Federal Trade Commission and Facebook are negotiating over a multi-billion dollar fine that would settle the agency’s investigation into the social media giant’s privacy practices, according to two people familiar with the probe.

The fine would be the largest the agency has ever imposed on a technology company, but the two sides have not yet agreed on an exact amount. Facebook has expressed initial concern with the FTC’s demands, one of the people said. If talks break down, the FTC could take the matter to court in what would likely be a bruising legal fight.

Finally, billions, not millions. Fuck these negotiations: tell them it’s $20 billion and take them to court if they don’t accept it.

Thursday, 14 February 2019