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”