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
ISRO to study how crops grow in space on PSLV-C60 mission
ISRO & ESA agree to cooperate on astronaut training, mission implementation
Snatcher lands in police net in Delhi, AI tech helps reveal identity
AI Meets Health: The Rise of Smart Fitness Solutions
Power Up by Powering Down: 10 Energy-Saving Tips for Every Home
MUST WATCH
Latest Additions
Ambedkar row: Congress to hold nationwide protest against Amit Shah’s remarks
Special trains announced from Bengaluru for Christmas and Kumbh Mela
H D Kumaraswamy announces Rs 15,000 crore revival plan for Bhadravati Visvesvaraya Iron & Steel Factory
Allu Arjun didn’t leave theatre despite being told about woman’s death: Hyderabad police
Kannada Sahitya Sammelana: Food distribution creates stir
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.