Facebook could face 'record-setting' fine from FTC

Facebook could soon set a new record — just not the good kind.

The Federal Trade Commission is reportedly considering a "record-setting" fine for the social network, as the result of its investigation into Facebook's privacy practices following the Cambridge Analytica scandal, which revealed Facebook had exposed the personal data of millions of users.

The FTC confirmed it had opened an investigation into Facebook in March. 

Now, The Washington Post reports that investigation could result in a massive fine for the company.

"The penalty is expected to be much larger than the $22.5 million fine the agency imposed on Google in 2012," according to The Post. That fine, while not the largest ever imposed by the FTC, was the body's largest fine for a privacy violation.  Read more...

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from Mashable http://bit.ly/2U2nyES