Facebook faces $5 billion fine, largest ever for a tech company so far

The US Federal Trade Commission has reportedly imposed $5 billion fine on Facebook which is by far the largest it's given to a technology company but is unlikely to make a dent in FB's deep pockets. The fine is against privacy violations and mishandling user data by the social media giant. The case now moves to the Justice Department's civil division for review.

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The US Federal Trade Commission has reportedly imposed $5 billion fine on Facebook which is by far the largest it's given to a technology company but is unlikely to make a dent in FB's deep pockets. The fine is against privacy violations and mishandling user data by the social media giant. The case now moves to the Justice Department's civil division for review.