- US FTC and Facebook negotiating the final fine amount.
- Fine could be in a multi-billion dollar amount, the highest ever.
- Google paid a $22.5 million fine in 2012.
Facebook could be facing fines to the tune of billions of dollars due to the Federal Trade Commission’s investigation into the social media giant’s mishandling of user data. Facebook and the FTC are currently in discussion over the actual and final amount of the fine, which is yet to be finalised. If the two parties cannot come to an agreement, then the FTC will be taking Facebook to court.