A coalition of organizations is planning to ask the Federal Trade Commission to break up Facebook in order to restore control to its 2 billion users and prevent further abuses of privacy.
Freedom from Facebook, which has decried the tech giant’s mishandling of user data during the Cambridge Analytica scandal, says that Mark Zuckerberg’s company is likely in violation of a 2011 consent decree it signed with the FTC.
The FTC is currently examining whether the tech behemoth did, in fact, violate the 2011 consent decree. If the commission finds that it did, Facebook could be facing fines in the trillions of dollars that would likely bankrupt the company.
Details may be found at https://fxn.ws/2Mnx8TC.
Categories: Business News