The dust has settled, and so has the FTC.
The Scandal
For those who are unfamiliar, in 2018 Facebook found itself in quite the scandal with London’s election consultancy, Cambridge Analytica. It is believed personal data was harvested from approximately 87 million Facebook users and then supplied to Cambridge Analytica. They then, allegedly, used this data to show certain information on U.S. presidential election candidates. This led to concerns of meddling in the election because it is believed this information was displayed to sway Facebook users’ perceptions of the candidates.
Now, as a result, a $5 billion fine has been issued against the social media giant, for this privacy breach.
This fine is the highest issued to a technology firm.
