Zuckerberg’s Facebook to face record fine over privacy violations

A US privacy investigation of Facebook Inc, which began after a major data breach was exposed in March, is likely to result in a record fine against the company.

Reports say the Federal Trade Commission, the nation’s chief privacy watchdog, is weighing a penalty against the social-media giant.

Facebook will be fined for violating a 2011 settlement with the agency that required the company to take a series of steps to protect users’ personal information, said a source, who asked not to be named because the investigation is confidential.

Read also: China’s tech firm Huawei under investigation for stealing trade secrets

The probe may be months from completion, the person said.

The size of the Facebook fine couldn’t be learned.

It’s also not clear whether the agency has settled on how much to seek from the Menlo Park, California-based company or whether it will also require changes to Facebook’s data collection and sharing practices.

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