Facebook could be fined millions for violating consent deal

01FF2073-2D56-4DFD-98F5-9FD8C00B3D24Former Federal Trade Commission officials said that the social media giant may be liable for hundreds of millions of dollars worth of fines for breaching a 2011 consent agreement to protect user data. Speaking to Bloomberg, Jessica Rich, former head of the FTC’s consumer protection bureau, said that the social media giant could be fined $40,000 per violation per day, and that the bill might add up to hundreds of millions……More

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