World, As Seen from the most beautiful islands: Ireland and Cyprus

Facebook reaches the arrangement with SEC


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.

Written by: Harry Adams

Harry Adams is a political expert who has been working for various publications under pseudonyms for 11 years. He loves sarcasm and a rigid presentation of the material without decorations.

Add comment

World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

Contact us

Feel free to give us a tip: [email protected]

Recent Posts