World, As Seen from Trinity Street, Dublin, Ireland

Facebook reaches the arrangement with SEC

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Facebook announces a settlement with stock market watchdog SEC on Wednesday. The social media giant may pay a fine of more than 100 million dollars. That writes business newspaper The Wall Street Journal based on an initiate.

The announcement of the fine would be in addition to the announcement of an even larger settlement. Reportedly, Facebook with market watchdog FTC settles for $ 5 billion in a search for a series of privacy scandals. That includes the leak that caused millions of users’ personal information to end up at the Cambridge Analytica campaign agency, while this company had no permission.

The SEC also opened a Facebook investigation last year due to the Cambridge Analytica scandal. This supervisor suspects Mark Zuckerberg’s company of not having warned investors in good time about external parties who had violated Facebook’s privacy rules.

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World, As Seen from Trinity Street, Dublin, Ireland

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