US imposes record USD 5 bn fine, restrictions on Facebook in privacy probe
PTI, Jul 25, 2019, 10:05 AM IST
Washington: US regulators on Wednesday formalised a record USD 5 billion fine on Mark Zuckerberg-led Facebook for privacy violations in a settlement requiring the world’s biggest social network to “submit to new restrictions and a modified corporate structure.”
The Federal Trade Commission said the penalty was the largest ever imposed on any company for violating consumers’ privacy and one of the largest penalties ever assessed by the US government for any violation.
“Despite repeated promises to its billions of users worldwide that they could control how their personal information is shared, Facebook undermined consumers’ choices,” FTC Chairman Joseph Simons said in a statement after the split decision by the agency, with two members saying the penalty was insufficient.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Don’t blame Dubai’s freak rain on cloud seeding
ISRO Gears Up to Test Critical Parachute Safety of Gaganyaan
Indian students bag NASA awards for Human Exploration Rover Challenge
‘Mastering the Data Paradox’: Book uncovers pivotal role of data in AI age
Bitcoin’s latest ‘halving’ has arrived. Here’s what you need to know
MUST WATCH
Latest Additions
Restored version of Shyam Benegal’s ‘Manthan’ to premiere at Cannes Film Festival
Aranthodu: Pillion rider killed in car-motorbike collision
Rahul Gandhi to address two public meetings in Karnataka today
Siddaramaiah meets Neha Hiremath’s family, offers condolences
Lok Sabha Polls 2024: Bengaluru bigwigs cast votes early