The penalty would be for violating an agreement with the government to safeguard users' personal data, according to people familiar with the matter. The fine is expected to be much larger than the $22.5 million levied against Google in 2012.
U.s. Regulators Discussed Record Fine Against Facebook For Privacy Violations
By Tony Romm and Elizabeth Dwoskin, Washington Post: Business
Fri, 01/18/2019 - 2:09am
BING NEWS:
- Facebook and Instagram probed over fears they may be too addictive for children
The European Union is worried that Meta is failing to protect children on its platforms, Facebook and Instagram, and has launched a formal investigation that could result in a hefty fine.
05/16/2024 - 1:54 am | View Link - Wells Fargo tells advisors to stay off Facebook business pages
The ban comes amid heightened regulatory scrutiny of firms' messages on services like WhatsApp and posts on social media sites.
05/15/2024 - 11:02 am | View Link - More
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