Published 14:11 IST, September 9th 2019
Facebook apparently facing newer investigations, after record fine
Facebook already faces new investigations not to mention ongoing ones into potential antitrust violations and other issues.
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Facebook has barely shaken off a record $5 billion fine by US regulators over its privacy practices, but it alrey faces new investigations t to mention ongoing ones into potential antitrust violations and or issues. w, a group of state attorneys generals led by New York’s Letitia James is piling on with its own antitrust investigation into Facebook. For a dece, Facebook h largely been trusted to regulate itself and keep its 2.4 billion users’ interests at heart. n came Russian meddling in 2016 elections, fake news and Cambridge Analytica scandal, in which a political data-mining firm affiliated with Donald Trump’s presidential campaign improperly accessed personal data of as many as 87 million users. Regulators in Europe and US took tice. Facebook w faces prospect of t only billions of dollars in ditional fines but also new restrictions. Here are some of ongoing investigations and potential legal threats involving Facebook.
US Justice Department
US Department of Justice has opened a sweeping antitrust investigation of major techlogy companies, a list widely believed to include Facebook. department is looking into wher ir online platforms have hurt competition, suppressed invation or orwise harmed consumers.
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US Federal Tre Commission
Though privacy matter is settled, Facebook has disclosed that FTC is investigating company separately for antitrust issues. Facebook said it was informed of investigation in June.
Irish Data Protection Commission
Ireland’s data regulator launched an investigation of Facebook over Cambridge Analytica data leak last year. At issue is wher company complied with strict European data regulations that went into effect on May 2018. Under new rules, companies could be hit with fines equal to 4% of annual global revenue for most serious violations.
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US Congress
In June, House Judiciary Committee anunced “a top-to-bottom review of market power held by giant tech platforms.” Targets include Facebook, Google, Amazon and Apple.
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13:45 IST, September 9th 2019