The FTC's $5 billion fine for Facebook shows that the government can crack down on tech companies without crushing them

Opinion: The FTC's $5 billion fine for Facebook shows that the government can crack down on tech companies without crushing them by jrhuddles

The Federal Trade Commission hit Facebook with a $5 billion fine for the company's handling of user data following the giant Cambridge Analytica breach last year. While the fine has been criticized by some for being too small, in reality it balances the need to punish Facebook while not imposing onerous regulation on the whole industry. The fine should be a model of how the FTC can regulate tech companies going forward.

The Federal Trade Commission hit Facebook with a $5 billion fine for the company's handling of user data following the giant Cambridge Analytica breach last year. While the fine has been criticized by some for being too small, in reality it balances the need to punish Facebook while not imposing onerous regulation on the whole industry. The fine should be a model of how the FTC can regulate tech companies going forward.

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