Facebook to Pay $5 Billion penality for privacy violations

Facebook, Inc. a 15 years old social networking site founded by Mark Zuckerberg in the year 2004, which has reached more than 100 Million users during 2018 and facebook made $22 billion last year.

Mark Zuckerberg, CEO of Facebook has agreed to pay $5 billion fine to US Federal Trade Commission (FTC) over a privacy violation data scandals, when facebook fails and leaked millions of users data to Cambridge Analytica a political data analysis firm years ago.

"We have a responsibility to protect people's privacy...now we're going to set a completely new standard for our industry".
- Facebook, Inc. CEO Mark Zuckerberg