U.S. Regulators Considering Fine For Facebook After Privacy Violations

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According to a report by the Washington Post, on Friday, US regulators met to discuss imposing a fine against Facebook for violating a legally binding agreement with the government to protect the privacy of personal data. Reuters reports that the Federal Trade Commission has been investigating Facebook since last year. The Post reports that the FTC has not finalized its finding or the total amount of the potential penalty. Reuters reports that it remains unclear if the company would settle with the FTC by accepting a financial penalty, expected to be much larger than the 22.5 million dollar fine the agency imposed on Alphabet Inc's Google in 2012.
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