Facebook to pay unprecedented $5B penalty
by from CNN.com - RSS Channel - App International Edition on (#4KTPN)
The Federal Trade Commission announced a $5 billion settlement with Facebook on Wednesday, resolving a sweeping investigation by regulators into how the company lost control over massive troves of personal data and mishandled its communications with users. It is the largest fine in FTC history - and yet still only about a month's worth of revenue for Facebook.