15 Times Companies Had to Pay Up For Alleged Privacy Blunders
Meta, the company formerly known as Facebook, holds the undesirable title of undisputed privacy settlement king, and no other company really even comes close.
The Federal Trade Commission, which is currently investigating Meta on antitrust grounds, slapped the company with a $5 billion penalty in 2019—the largest of its kind—following a lengthy probe into its privacy practices stemming from the company’s notorious 2018 Cambridge Analytica scandal, where as many as 50 million users reportedly had their personal data improperly obtained by the GOP aligned political analytics firm.
Despite the eye grabbing fine, two of the FTC’s five commissioners at the time fervently opposed the fine claiming it didn’t go far enough. In her dissenting statement, Democratic commissioner Rebecca Slaughter said she did not believe the fine was a sufficient deterrent to stop Facebook from engaging in harmful privacy practices.
“The negotiated civil penalty is insufficient under the applicable statutory factors we are charged with weighing for order violators: injury to the public, ability to pay, eliminating the benefits derived from the violation, and vindicating the authority of the FTC,” Slaughter wrote.
Meta, the company formerly known as Facebook, holds the undesirable title of undisputed privacy settlement king, and no other company really even comes close.
The Federal Trade Commission, which is currently investigating Meta on antitrust grounds, slapped the company with a $5 billion penalty in 2019—the largest of its kind—following a lengthy probe into its privacy practices stemming from the company’s notorious 2018 Cambridge Analytica scandal, where as many as 50 million users reportedly had their personal data improperly obtained by the GOP aligned political analytics firm.
Despite the eye grabbing fine, two of the FTC’s five commissioners at the time fervently opposed the fine claiming it didn’t go far enough. In her dissenting statement, Democratic commissioner Rebecca Slaughter said she did not believe the fine was a sufficient deterrent to stop Facebook from engaging in harmful privacy practices.
“The negotiated civil penalty is insufficient under the applicable statutory factors we are charged with weighing for order violators: injury to the public, ability to pay, eliminating the benefits derived from the violation, and vindicating the authority of the FTC,” Slaughter wrote.
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