Tag: penalty

BUSINESS

Facebook $5 Billion Penalty Draws Outcry

U.S. officials approved a record $5 billion privacy settlement with Facebook Inc. to resolve the Cambridge Analytica data scandal. However, this is not going down well with some lawmakers and privacy advocacy groups as they believe the penalty is not severe enough. Privacy Rights Advocates have questioned the fine of $5 billion on a company that reported revenue of almost $56 billion […]