Today, NetChoice voiced support for the FTC and Facebook’s settlement, for which Facebook will be fined $5 billion. This breaks the record for privacy-related fines and is about 100 times larger than last year’s EU’s fine for Google.
“The FTC’s Facebook fine is the largest ever, by a huge margin,” said Carl Szabo, General Counsel at NetChoice. “Yet we are already hearing anti-tech critics claim that the fine is not enough. “
“The FTC’s Facebook fine is unprecedented and will undoubtedly motivate better privacy practices by all businesses. The FTC commissioners should enjoy their weekend, #ThatsGonnaLeaveAMark”