Mon, 20 May 2019

Social media giant reportedly negotiating multi-billion dollar fine

By Jay Jackson, The Cambodia News
15 Feb 2019, 13:43 GMT+10

WASHINGTON DC - Facebook and the U.S. government are in talks about settling a range of charges in relation to privacy issues, according to a report in The Washington Post.

To avoid a costly, lengthy and complex trial, the pair are negotiating a settlement whereby the Mark Zuckerberg-company cops a multi-billion dollar fine.

The Post report, published on Thursday, said the social media giant and the U.S. Federal Treade Commission had not yet agreed on a figure.

The commission has taken issue with Facebook over its inappropriately shared profiles of 87 million of its users with UK-based, now defunct, political consulting group Cambridge Analytica.

The Federal Trade Commission withheld any comment on the report.

We have been working with the FTC and will continue to work with the FTC, a spokeswoman for Facebook said Thursday.

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