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British authorities have levied the maximum possible £500,000 ($644,900) fine on Facebook after the social media network failed to safeguard its users’ data. The U.K.’s Information Commissioner’s Office investigated the breach, which centered on a data-harvesting app developed for tech and analytics firm Cambridge Analytica, which has since closed.“The ICO is clear that Facebook effectively broke the law by failing to keep users data safe,” the commissioner's office said in a statement.Damian Collins, a member of Parliament and chair of...
Mark
Zuckerberg
Founder / Chairman / CEO
It’s been a challenging year for the 34-year-old Facebook chief as the company has struggled to respond to the Cambridge Analytica scandal and ongoing concerns about disinformation and meddling in the 2016 presidential election, even testifying before Congress in a marathon five-hour session. And still Facebook brought in $40.7 billion in revenues in 2017 and the social-media platform’s audience grew to more than 2.2 million monthly active users by June 2018. Zuckerberg has overseen a significant push into media, with the launch of a number of originals on Facebook Watch, the company’s YouTube competitor that expanded to a global audience in August. He also remained committed to Facebook’s VR efforts, with the launch of its Oculus Go headset in early 2018.
