After being fined by the FTC: Facebook was fined $100 million by the US Securities and Exchange Commission.

Home >Life > After being fined by the FTC: Facebook was fined $100 million by the US Securities and Exchange Commission.

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Beijing time on July 25 morning news, according to the US technology media Engadget reported that the US Securities and Exchange Commission (SEC) announced that Facebook (204.66, 2.30, 1.14%) has recently agreed to pay a fine of 100 million US dollars, because The company previously issued “false disclosure” information on the risk of misuse of user data. The SEC claims that Facebook had known the data leak in 2015, but still explained the possible data breaches to investors in a purely "hypothetical" way. The company has not developed or adopted “clear policies or procedures” for accurate disclosure based on the results of the investigation.

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