U.S. sets $5 bn fine for Facebook

U.S.’s Federal Trade Commission have approved a $5 billion penalty to be levied on Facebook. The penalty have been approved to settle a probe into the social network’s privacy and data protection lapses. It would be the largest penalty ever imposed by the FTC for privacy violations.

Static/Current Takeaways Important For EPFO/LIC ADO Mains:

• Facebook Headquarters: California, US; CEO: Mark Zuckerberg.
• US President: Donald Trump; Capital: Washington, D.C; Currency: US Dollar.

Source: The Hindu

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