The running week is quite important for Facebook. Chief Executive Mark Zuckerberg has to be present at US Congress tomorrow. He has to give explanations regarding multipurpose problems of the social media. But, the company is likely to get into more troubles due to unauthorized handling of numbers of users’ data. Federal Trade Commission (FTC) of USA may charge a fine with such figure to clear which world’s one of the richest companies may face huge problem.
Facebook signed a Memorandum of Understanding (MoU) with FTC in the year 2011. As per the agreement, Facebook is not supposed to cause any breach regarding the privacy and security of users’ personal information. To handle the data, Facebook must take permission from the users. Facebook must remain committed to the privacy concern of billions of their users. Facebook is not developed to hamper users’ privacy and FTC will ensure it.
Considering this, there was a provision to fine up to 41 thousand 484 US dollars. Recently, personal information of billions of Facebook users have been illegally handled and allegedly received by London based political consultancy firm Cambridge Analytica and for this reason, the amount that FTC may fine Facebook is around 7.1 trillion US dollars, as per calculation of the dominant news media Washington Post.