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
