The FTC has levied its biggest fine ever against the social network, but it s unlikely to have much effect. The $5 billion fine is 200 times the size of the previous record FTC fine, but critics say it’s merely a wrist-slap. The settlement stems from Facebook’s role in the Cambridge Analytica scandal. Facebook’s stock price jumped nearly 2 percent following the settlement being first reported by the Wall Street Journal. Lawmakers have been quick to wade further into the privacy debate, calling for more regulation.
Source: https://threatpost.com/privacy-experts-facebooks-5b-fine/146478/