World News: 12:33 GMT Saturday 13th July 2019. [Yahoo Business News Feed via SPi World News]
At $5 billion, the fine the FTC is about to levy on Facebook is by far the largest it's given to a technology company, easily eclipsing the second largest, $22 million for Google in 2012. The long-expected punishment, which Facebook is well prepared for, is unlikely to make a dent in the social media giant's deep pockets. The Wall Street Journal and other news outlets reported Friday that the FTC has voted to fine Facebook for privacy violations and mishandling user data.
Read More: https://news.yahoo.com/facebook-faces-5b-ftc-fine-054357837.html
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