Facebook and US Federal Trade Commission are in negotiations for privacy breaches fine can cost the previous billion dollars.
The two pages still go back and forth over the exact amount, Washington Post says sources. Facebook confirmed the existence of negotiations, but refused to say anything more. It can hope to reduce what it pays in exchange for business changes and tougher scrutiny.
Both parties are interested in a settlement, since the option may be a lengthy court case. At the same time, the fine can easily become the largest ever reached by the FTC against a tech firm that has a meaningful blow to Facebook's bottom line. The current label is Google, which paid only $ 22.5 million in 201
The FTC began investigating Facebook in March last year following the emergence of the Cambridge Analytica scandal. Analytica and Cambridge University researcher Aleksandr Kogan used a quiz app to collect data on Facebook users and their connected friends, the latter without their consent, allowing Analytica to build voter profiles for some 71 million Americans and a smaller amount of people abroad. The harvest was discovered in 2015, but was only published by Facebook in March 2018. This led to the investigation of governments in both the United States and the UK
Some analysts, who were now most vulnerable, included the presidential campaigns Donald Trump and Ted Cruz and the institutional revolutionary party during Mexico's 2018 general election.
The FTC is concerned that Facebook's previous and recent activities violate a 2011 deal where Facebook promised to improve its privacy standards. One of these is probably the abuse of an Apple Business Certificate for "Facebook Research", an app people were paid to install to monitor usage habits. Apple revoked the certificate briefly.