Facebook fine

$5 Billion US FTC Fine Doesn’t Mark the End of Its Troubles: Facebook

Facebook survived its latest brush with U.S. privacy regulators, at the cost of a record $5 billion fine and other restrictions imposed by the Federal Trade Commission. But it’s far from home free.

While the company looks set to prosper in the wake of the FTC case, it faces a series of other investigations into its privacy practices in Europe and across the US. Concerns over the limits of the just-settled probe could fuel efforts to craft tougher privacy laws at the state and federal level.

The social network is also gearing up to fight investigations into its allegedly anticompetitive behaviour, such as Facebook’s habit of buying would-be rivals like Instagram and blatantly duplicating features introduced by competing services.

The Department of Justice opened a broad antitrust probe focused on technology companies on Tuesday. On Wednesday Facebook disclosed that it also faces a fresh FTC investigation into alleged anticompetitive behaviour. It didn’t provide details of the scope or focus of the probe. Representatives of the FTC confirmed the antitrust investigation but offered no additional information.

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