One of the most notorious news stories of the past few years had to do with Facebook, and how a company named Cambridge Analytica was aided by Facebook in the spreading of fake news which potentially impacted the United States presidential election, something that had some pretty serious ramifications all around the world.
Facebook has come under constant fire after this scandal, with public trust of the company plummeting and Mark Zuckerberg, founder and CEO of the social media company, having to go before a United States Senate oversight committee to give testimony in order to prove that Facebook was not using user data in a manner that was unethical or dangerous to the overall internet ecosystem that we are all a part of.
It seems like there is no end to Facebook’s woes as the social media giant has now been levied an enormous fine of $5 billion by the Federal Trade Commission. The official reasoning behind the fine is that Facebook failed to comply with an FTC order issued back in 2012 that talked about the protection of user data and the like.
Another stipulation of the FTC ruling is that Facebook will have to form a privacy committee which will involve top level executives coming together with an independent third party to see if any privacy violations are being committed by the site itself. Facebook will have to report any privacy breaches, including those concerning WhatsApp, Instagram and its various other properties, to the authorities if such breaches ever occur again.
Photo: Anadolu Agency via Getty Images
Read next: Facebook Continues to Exhibit Strong User Engagement despite of Being Embroiled in Countless Controversies!
Facebook has come under constant fire after this scandal, with public trust of the company plummeting and Mark Zuckerberg, founder and CEO of the social media company, having to go before a United States Senate oversight committee to give testimony in order to prove that Facebook was not using user data in a manner that was unethical or dangerous to the overall internet ecosystem that we are all a part of.
It seems like there is no end to Facebook’s woes as the social media giant has now been levied an enormous fine of $5 billion by the Federal Trade Commission. The official reasoning behind the fine is that Facebook failed to comply with an FTC order issued back in 2012 that talked about the protection of user data and the like.
Another stipulation of the FTC ruling is that Facebook will have to form a privacy committee which will involve top level executives coming together with an independent third party to see if any privacy violations are being committed by the site itself. Facebook will have to report any privacy breaches, including those concerning WhatsApp, Instagram and its various other properties, to the authorities if such breaches ever occur again.
Photo: Anadolu Agency via Getty Images
Read next: Facebook Continues to Exhibit Strong User Engagement despite of Being Embroiled in Countless Controversies!
