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Dealbook Briefing: Is A $5B Facebook Fine Enough? - The New York Times

by nytimes.com posted 3weeks ago 11 views
Mark Zuckerberg. : Facebook said yesterday that it expected the Federal Trade Commission to fine it up to $5 billion for privacy violations, Mike Isaac and Cecilia Kang of the NYT report. That would be a record penalty for a tech company, way beyond the $22 million Google had to pay in 2012 for misleading statements about online tracking. But it’s in line with recent E.U. punishments, like Google’s $5 billion antitrust fine last year and the $15.3 billion tax evasion penalty given to Apple in 2016. Both the F.T.C. and Facebook have reasons to celebrate. The regulator looks strong.

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