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Facebook fined 0.001% of its 2017 revenue for Cambridge Analytica scandal

Thursday, October 25, 2018 by Piyush Suthar | Comments

Home News Tech Facebook fined 0.001% of its 2017 revenue for Cambridge Analytica scandal

One of 2018’s biggest revelations was that Facebook completely failed its users when it allowed Cambridge Analytica to access personal data without their consent. For this massive privacy breach, Facebook has been fined a whopping… £500,000? The measly fine — which amounts to around €565,000 or $645,000 — was issued by the UK Information Commissioner‘s Office today and cements the initial ruling in July, the Guardian reports. It doesn’t take a genius to work out that the fine is pocket change for the social media giant. The company surpassed €35 billion in revenue in 2017, which would make today’s fine…

This story continues at The Next Web

Or just read more coverage about: Facebook

Authored by Piyush Suthar
Pro Blogger


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