Facebook CEO Mark Zuckerberg BERTRAND GUAY/AFP/Getty Images (Bertrand Guay/AFP/Getty Images)The Federal Trade Commission and Facebook are negotiating over a multi-billion dollar fine that would settle the agency’s investigation into the social media giant’s privacy practices, according to two people familiar with the probe. A multi-billion dollar fine would amount to a reckoning for Facebook in the United States after a series of privacy lapses that may have put the personal information of its users at risk. The order also barred Facebook from deceiving users about its privacy practices, and it instituted regular checkups on the way it uses data. Facebook ultimately could broker a deal with U.S. government by agreeing to pay a fine and make some changes to its business practices. But Facebook could face significant reputation risk if it decided to fight the FTC fine.

Source: Washington Post February 14, 2019 21:18 UTC