Facebook expects to be spanked real hard by the FTC for the Cambridge Analytica scandal


After word got out last year that 87 million Facebook members had their profiles sold to political consultant Cambridge Analytica without permission, the Federal Trade Commission started an investigation. After all, this action violated an FTC consent decree that Facebook signed off on back in 2011, promising not to use subscribers’ personal data without consent.
Facebook announced its first-quarter results today and took a charge of $3 billion to cover an anticipated fine from the Federal Trade Commission (FTC). Neither side has reached an agreement, but clearly, …

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