Facebook Could Be Fined Millions for Violating Consent Deal
- Former FTC officials see possible breach of 2011 settlement
- Agency has power to ‘turn the screws up’ against Facebook
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Former Federal Trade Commission officials say that Facebook Inc. appears to have breached a 2011 consent agreement to safeguard users’ personal information and may be facing hundreds of millions of dollars in fines.
The agency could fine Facebook up to $40,000 per violation per day -- which could add up quickly with millions of users involved -- if it finds the social media giant broke its earlier promises to protect user data, they say.