Facebook to get record $5 billion fine, but stocks go up
(WorldNews Canada)

The US`s Federal Trade Commission (FTC) has reportedly voted to fine Facebook $5 billion for privacy violations and mishandling of user data revealed in the Cambridge Analytica scandal. It`s the biggest fine in FTC history, easily eclipsing the $22 million for Google in 2012, but for Facebook it represents just a month`s revenue. The 3-2 vote broke along party lines, with Republicans in support and Democrats in opposition to the settlement, according to reports. Neither Facebook nor the FT ......