Facing a $5 Billion Fine, Facebook Adds $10 Billion in Market Value

“Facebook’s infringements of the 2011 consent decree and its pattern of violating user trusts have been both vast and brazen.” – Letter to FTC from Sen. Ed Markey (D-Massachusetts), Sen. Richard Blumenthal (D-Connecticut), Sen. Josh Hawley (R-Missouri) The Senators are reacting to word that’s leaked out that Facebook will by hit with a record $5

When It Comes to Digital, Consumers Say One Thing and Often Do Another

Consumers overwhelming say privacy concerns are starting to have them rethinking rethink how they interact online.  At the same time, however, their actions are telling a slightly less convincing story.  People say one thing to researchers, but their actions demonstrate something else. A third of those surveyed think digital is having a “negative effect on

Is Facebook facing record fines for violating its FTC privacy agreement?

The Federal Trade Commission is looking at what could be record-setting fines against Facebook, according to the Washington Post. It has to do with the binding agreement the social media company signed in 2011 to protect personal data. The fine would be for violating that agreement. The biggest fine to date for violating an FTC