It’s hard to keep track of Facebook’s legal troubles with a number of US and non-US enforcement agencies. Looking just at the DOJ and FTC, Facebook just reached apex status when it agreed to pay the largest civil penalty in a US data privacy case...
The cost of that agreement with the DOJ and FTC? Five billion dollars. But Facebook’s US settlements don’t stop there. The company also agreed to pay $100 Million to the SEC for misleading investors about the risks it faced from misuse of user data. Other companies don’t face the same settlement costs but a look at the enforcement actions gives insight into the risks of data privacy violations...