{"id":144639,"date":"2019-07-12T21:50:25","date_gmt":"2019-07-12T21:50:25","guid":{"rendered":"http:\/\/sftarticles.wpenginepowered.com\/en\/?p=144639"},"modified":"2025-07-01T21:41:35","modified_gmt":"2025-07-02T04:41:35","slug":"facebook-ftc-privacy-fine","status":"publish","type":"post","link":"https:\/\/cms-articles.softonic.io\/en\/facebook-ftc-privacy-fine\/","title":{"rendered":"Facebook crushed with $5 billion fine for privacy issues"},"content":{"rendered":"

\"Zuckerberg\"Facebook privacy scandals are a dime a dozen. However, it looks like those dimes have added up to a\u00a0$5 billion fine from the Federal Trade Commission.\u00a0<\/strong><\/p>\n

The fine was part of a settlement agreement between the FTC and Facebook, and it is the largest fine the FTC has ever slapped on a tech company.<\/strong><\/p>\n

What’s the full story?<\/h2>\n

In 2018, millions of Facebook users’ data landed in the hands of politically motivated actors <\/a>in what has come to be known as the Cambridge Analytica Scandal<\/strong>. The data was used for politcal advertising purposes. This fine is largely in response to that scandal.<\/p>\n

However, this also leads back to a promise Facebook made in 2011 and has since failed to keep.<\/p>\n

In 2011, Facebook admitted to having deceived users about the privacy of their data. Facebook reached a settlement with the FTC<\/a> and agree to be transparent about what was happening to their data, ask for consent before sharing their data, and give prominent notice before it was shared.\u00a0<\/strong><\/p>\n

If you’ve been paying attention to the news, you’d know that Facebook fails to keep this promise all of the time.\u00a0<\/a><\/p>\n

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This is why Facebook can\u2019t stop election interference<\/p>\r\n Read Now \u25ba<\/a>\r\n <\/div>\r\n <\/div>\r\n <\/a>\r\n <\/div>\r\n<\/div>\n

What’s $5 billion to Facebook?<\/h2>\n

Yes, $5 billion is an insane amount of money. The fact that it is the largest fine ever imposed by the FTC to a tech company is also pretty crazy. The runner-up isn’t even in the same ballpark: Google had to pay $22.5 million in 2012. However, $5 billion is a drop in the bucket for Facebook as a whole.\u00a0<\/strong><\/p>\n

Mark Zuckerberg is worth more than $70 billion himself, and Facebook as a whole is worth more than $100 billion. Heck, Facebook made about $55 billion in 2018 alone.\u00a0<\/strong><\/p>\n

That’s right. Facebook is worth more than a ransom from Dr. Evil.<\/p>\n

Let’s take a look at the numbers:<\/p>\n

Facebook compromised data from 87 million of its users. That means that the company is paying about $57 for every user’s privacy they failed to protect.<\/p>\n

Don’t you think your privacy is worth more than that?<\/strong><\/p>\n

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6 social media apps that are better than Facebook<\/p>\r\n Read Now \u25ba<\/a>\r\n <\/div>\r\n <\/div>\r\n <\/a>\r\n <\/div>\r\n<\/div>\n

Facebook’s other issues<\/h2>\n

The FTC has been probing Facebook for more than a year after the Cambridge Analytica scandal. In that time, government agencies have unearthed even more concerning details about the social media giant.<\/strong><\/p>\n

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HUD charges Facebook with discrimination<\/p>\r\n Read now \u25ba<\/a>\r\n <\/div>\r\n <\/div>\r\n <\/a>\r\n <\/div>\r\n<\/div>\n

It almost seems like every week there is a new story that pops up about Facebook being involved in another scandal concerning privacy.\u00a0<\/strong>Heck, we’ve covered so many that it’s kinda crazy:<\/p>\n

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More about Facebook's scandals<\/p>\r\n

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Facebook deliberately shared your data with 60 companies \u25ba<\/p>\r\n <\/div>\r\n <\/div>\r\n <\/a>\r\n \r\n

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Facebook banned \u25ba<\/p>\r\n <\/div>\r\n <\/div>\r\n <\/a>\r\n <\/div>\r\n

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Facebook suspends over 200 apps in the wake of the Cambridge Analytica scandal \u25ba<\/p>\r\n <\/div>\r\n <\/div>\r\n <\/a>\r\n \r\n

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Facebook deletes over 200 accounts and pages linked to Russian troll farm \u25ba<\/p>\r\n <\/div>\r\n <\/div>\r\n <\/a>\r\n <\/div>\r\n<\/div>\n

Wrapping up<\/h2>\n

This is a step in the right direction, but Facebook still has a boatload of other privacy issues that they need to rectify. With nearly a third of the world’s population on Facebook, they need to be held to a higher standard to keep the privacy of their users safe.\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Facebook has to pay the largest fine ever imposed by the FTC due to their privacy issues. <\/p>\n","protected":false},"author":9180,"featured_media":144665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","wpcf-pageviews":0},"categories":[1015],"tags":[2353,1059,2092,2196,1624],"usertag":[839],"vertical":[],"content-category":[],"class_list":["post-144639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-app-subdomain-redirectionfacebook","tag-facebook","tag-facebook-scandal","tag-ftc","tag-privacy","usertag-vpn"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t