US regulators under scrutiny as they look to punish Facebook

Business

US regulators under scrutiny as they look to punish Facebook

By MARCY GORDON AP Business Writer

May 08, 2019 12:06 AM

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FILE – This Jan. 28, 2015, file photo, shows the Federal Trade Commission building in Washington. Federal privacy regulators are under scrutiny in Congress as they negotiate a record fine with Facebook to punish the company for alleged violations of its users’ privacy.


Alex Brandon, File

AP Photo


WASHINGTON

Federal privacy regulators are under scrutiny in Congress as they negotiate a record fine with Facebook to punish the company for alleged user-privacy violations.

Eyes are on the Federal Trade Commission as it also considers a rare action holding CEO Mark Zuckerberg personally accountable for Facebook’s failure to honor a 2011 agreement over privacy lapses. The agency also may limit how the giant social network targets advertising to its massive user base.

Beyond a fine, which is expected to run as much as $5 billion, comprehensive action by the FTC could mark a watershed in government action against the tech industry to protect consumer privacy.

FTC Chairman Joseph Simons and his four fellow commission members will appear before a House committee at a hearing Wednesday.

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