IT BEGINS: Facebook Under Federal Investigation For Use of Personal Data

Tuesday, March 20, 2018
By Paul Martin

by Joshua Caplan
TheGatewayPundit.com
March 20, 2018

Federal investigators have begun probing Facebook’s use of personal data after reports surfaced that Cambridge Analytica ‘improperly gained access to the data of more than 50 million users.’

CNBC reports:

The U.S. Federal Trade Commission is investigating whether the use of personal data from 50 million Facebook users by Cambridge Analytica violated a consent decree the tech company signed with the agency in 2011, Bloomberg reported Monday. […]

“We are aware of the issues that have been raised but cannot comment on whether we are investigating. We take any allegations of violations of our consent decrees very seriously as we did in 2012 in a privacy case involving Google,” a spokesman for the FTC said Tuesday.

A violation of the consent decree could carry a penalty of $40,000 per violation, which could mean a fine conservatively estimated to be “many millions of dollars in fines” for Facebook, The Washington Post reported over the weekend, citing a former FTC official.

“We reject any suggestion of violation of the consent decree. We respected the privacy settings that people had in place. Privacy and data protections are fundamental to every decision we make,” the social network giant said in a statement to the Washington Post over the weekend.

Facebook’s stock fell during pre-trading on reports of the probe.

The Rest…HERE

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