Announcement

Collapse
No announcement yet.

Facebook is fined £500,000 over Cambridge Analytica scandal which saw user data harvested from tens of millions of people (but it'll take social media giant just 18 minutes to pay it)

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Facebook is fined £500,000 over Cambridge Analytica scandal which saw user data harvested from tens of millions of people (but it'll take social media giant just 18 minutes to pay it)

    Facebook has been fined £500,000 for the Cambridge Analytica scandal in which the data of 84 million users was harvested.

    Britain's Information Commissioner punished the social media giant for sharing the information without informed consent from 2007 to 2014, hitting it with the maximum fine possible following a scandal which erupted in March this year.

    The fine could have climbed higher than £17million if the data was shared this year, following the introduction of new protection laws in May.

    But the platform's $4.8billion (£3,741,120,000) net profit in the first three months of 2018 suggests it will only take 18 minutes' earnings to pay the £500,000.

    Read More:
    #PayForYourPorn
Working...
X