Facebook Being Investigated by 47 Attorneys General

47 Attorneys General are now investigating Facebook for possible antitrust violations. When the probe was first announced in September, 8 states were behind the effort.  45 states have now signed on along with AGs in the District of Columbia and Guam.  The AGs say it is a bi-partisan effort. “After continued bipartisan conversations with attorneys

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

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