Blumenthal, Hawley Liken Potential $5B Facebook Fine to Speeding Ticket, Urge Remedies
Fining Facebook for its data privacy violations is insufficient, Sens. Richard Blumenthal, D-Conn., and Josh Hawley, R-Mo., wrote the FTC Monday. They urged the commission to implement long-term structural remedies for the company, including limits on consumer data collection and…
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advertising practices, data deletion requirements and stiff penalties for executives. The pair likened a potential $3 billion-$5 billion fine for Facebook to the FTC's handing out speeding tickets. They cited the company's $15 billion revenue in the last quarter and the agency’s ability to impose civil penalties of $42,000 per violation for “blatant and brazen” consent decree violations. The company didn’t comment. The agency confirmed it received the letter.