As part of a 2011 agreement with the FTC, Facebook agreed to get users' consent before sharing their data with third parties, like Cambridge Analytica.
Facebook is estimating that it could be subject to a $3 to $5 billion fine by the Federal Trade Commission , according to theThe fine could come as a result of Facebook violating a 2011 agreement with the FTC regarding consumer privacy.
The FTC began investigating the social-media giant in March 2018 after news of Facebook's mishandling of user data in the case of Cambridge Analytica became public.Facebook said it plans to pay a fine of $3 billion to $5 billion for potentially violating a previous settlement with federal regulators about the social network's privacy practices.
Facebook didn't provide details about the inquiry or the specific data practices under scrutiny by the Federal Trade Commission .The FTC began investigating the social-media giant in March 2018 after its mishandling of user data, according to. That incident involved the Trump-linked political-research firm Cambridge Analytica, which misappropriated personal information of tens of millions of Facebook members for use in targeted political ads.
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