Facebook to pay $ 5 billion fine for the Cambridge Analytica scandal

In the past few hours the Federal Trade Commission has announced that Facebook has reached an agreement on Cambridge Analytica scandal, by virtue of which the giant of social networks will pay a penalty of 5 billion dollars, the highest amount so far with regard to companies operating in the technological field.

The announcement of this fine comes after almost a year and a half of investigations, including a testimony before the United States Congress by Mark Zuckerberg, the co-founder of Facebook

Read also:.The Great Hack: Netflix’s documentary about the Facebook’s great privacy scandal

The social media giant has already allocated 3 billion dollars in April this year in anticipation of the fine but at this point it seems that it will have to find a way to “raise” 2 billion dollars more.

Although this scandal probably represents the biggest and most famous privacy violation in the history of Facebook, the company has had to face several other privacy-related events in recent years.

Source: Androidauthority

Izaan Zubair
Izaan is founder of TechLapse. Izaan developed interest in computers from young age and most of his skills and knowledge are self taught. He can be reached at: [email protected]

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