You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

Federal Regulators Fine Facebook $5 Billion for Massive Privacy Breaches

HeadlineJul 25, 2019

Federal regulators have ordered Facebook to pay a $5 billion fine for massive breaches in privacy that saw tens of millions of users’ data used without their consent. It was the largest fine for a privacy breach in U.S. history, but critics say the $5 billion penalty was far too lenient for a company valued at over $580 billion. After the settlement was announced, shares of Facebook rose on the NASDAQ stock exchange by more than a percentage point, and the company reported nearly $17 billion in revenue for the three months ending in June.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top