Facebook Is Fined by British Agency Over Cambridge Analytica Data Leak
Facebook was hit with the maximum possible fine in Britain for allowing the political consulting firm Cambridge Analytica to harvest the information of millions of people without their consent, in what amounts to the social network’s first financial penalty since the data leak was revealed. The fine of 500,000 pounds, or about $660,000, represents a tiny sum for Facebook, which brings in billions of dollars in revenue every year.