U.K. Slaps Maximum Fine of $645,000 on Facebook for Privacy Violations
Xconomy
OCTOBER 26, 2018
The company’s net income in the second quarter alone was more than $5 billion. The purpose of the U.K.’s s enforcement actions is to change the behavior of organizations that mishandle the sensitive private information of individuals, but the fine announced Thursday represents a minuscule fraction of Facebook’s (NASDAQ: FB ) earnings.
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