Why Facebook Fined of $ 5 Billion?
In the era of social media communication, Facebook is the most popular social media platform in the world. Individuals and business houses use social media platforms for different purposes such as to communicate with other people, to promote the business and for the advertisement of product or service. As a lot of things are happening over social media, some crucial, as well as private information, are being shared in social media websites. Facebook is well-known for its security settings as it provides optimum privacy to an individual account. Well, there are times when the private information in the account being misused by the intruders due to some technical glitch.
Now, Facebook is being troubled over data misuse over Cambridge Analytica scandal. It is claimed that over 87 million Facebook users’ data is being wrongfully used as a political analytics firm, Cambridge Analytica. The public had learned about this in the last march; the wall street journal reported recently that the federal trade commission approved a whopping five billion dollar settlement with Facebook on Friday.
The settlement was approved along party lines through a voting system. In that voting, 2 of the democrats wants to include tougher oversight for Facebook while three democrats have voted for the fine. The decision is yet to be approved by the department of justice to be final whether Facebook will be fined or not.