The Federal Trade Commission and Facebook are negotiating over a multi-billion dollar fine that would settle the agency’s investigation into the social media giant’s privacy practices, according to two people familiar with the probe. The fine would be the largest the agency has ever imposed on a technology company, but the two sides have not […]
U.S. Government Confirms It’s Investigating Facebook, Sending Shares Plummeting…
The US Federal Trade Commission confirmed Monday morning that it has opened a preliminary investigation into Facebook’s privacy practices. The news came in a press release sent out Monday morning, and Facebook’s shares have already dropped more than 5% from opening. The FTC serves as the consumer watchdog over privacy issues, so it’s no surprise […]