Facebook will pay 5 for two dollars for the Cambridge Analytica scandal

Facebook's involvement in the Cambridge Analytica scandal, which led to the inadvertent exchange of user data with the analyst firm, cost him $ 5 billion.

In addition to the obvious issues of trust arising from such an incident, after months of investigation, fines have been issued by various countries, including of the United Kingdom, as well as Italy.

Now, according to a report in the Wall Street JournalThe United States Federal Trade Commission (United States Federal Trade Commission or FTC) has imposed a fine of 5 billion dollars, which the social network will have to pay as a result of the scandal.

The investigation that led to this fine focused on the fact that Facebook had committed in 2012 to the FTC to do a better job of protecting users' privacy and Cambridge Analytica scandal was a breach of that commitment.

The settlement fine was approved by Republican commissioners, while Democratic commissioners voted against the settlement, arguing that a harsher punishment should have been imposed.

Although some may argue that the fine is not enough, it will be, by far, the highest fine ever issued as a result of violating an FTC order. The previous record was a $ 22,5 million fine on Google.

According to the report, the case has now been transferred to the civil department of the Ministry of Justice, where it will be reviewed before being finalized. Neither the FTC nor Facebook commented on the report.