Consumer Protection
FTC imposes record $5 billion penalty on Facebook for privacy violations
Jul 24, 2019
Largest penalty ever imposed by the FTC on any company. Facebook violated its privacy promises to consumers and a 2012 FTC consent order. Company deceived users about their ability to control personal information privacy. New restrictions imposed on business operations.
Key Details
Agency
FTC
Date
July 24, 2019
Severity
Critical
Penalty
$5000000000
Location
Corporate-wide
Domain
Consumer Protection
Primary Source
https://www.ftc.gov/news-events/news/press-releases/2019/07/ftc-imposes-5-billion-penalty-sweeping-new-privacy-restrictions-facebook
Direct link to original government or public record