Facebook Privacy issues keep expanding as Federal Trade Commission started another Investigation - TECH NEWS AND TRICKS

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Facebook Privacy issues keep expanding as Federal Trade Commission started another Investigation

Couple of days have not being too good for Facebook as a lot of scandals has flocked pages and social media, now the story is going wider as Federal Trade Commission started their own investigation.


We could all remember the recent trending allegation filed against Facebook about allowing consulting firm Cambridge Analytica to collect data on some 50 million user and and recent reports indicate it sneakily vacuumed up more data than it should have via Android permissions. Although, the latter issue seems to have been blown out of proportion. Facebook is not finding it very interest any longer, the battle is not only with US government again even though they've been watching for long to know to tackle the issue before another trouble spring out.

FTC is an agency which is tasked with protecting consumers from abusive business practices, now announced that is has opened an investigation of Facebook's handling of user privacy.

Facebook's stock price has slipped another 3% on the news, leaving the company's stock down around 16% in the last few weeks.  If the FTC finds Facebook failed to adequately protect its users, it could be fined as much as $40,000 per violation. That could, theoretically, mean a $2 trillion fine. 

Facebook is likely not to go free as the case is now handled by the court, no one can tell but it may still attract big bill. Spotted on FTC official Page