Possible $5B Facebook fine echoes European tech penalties

ABC News | 4/25/2019 | Staff
sally140353 (Posted by) Level 3
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Facebook's revelation that it could face a $5 billion federal privacy fine is the latest sign of U.S. moves toward tighter regulation of the technology industry, which has enjoyed years of nearly unrestricted growth with little oversight.

Facebook said Wednesday it is planning for a fine between $3 billion and $5 billion and formally set aside $3 billion for the FTC, which is investigating whether...
(Excerpt) Read more at: ABC News
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