After the Federal Trade Commission (FTC) reached a $5 Billion settlement agreement with Facebook due to the tech giants repeated privacy violations. This fine came after an 18-month probe was started surrounding a partnership with Cambridge Analytica, where Cambridge Analytica gained personal information of 87 million Facebook users wrongfully. Based on investigation findings, the SEC has fined Facebook with a $100 Million fine in addition to the FTC fine.
The Securities and Exchange Commission (SEC) has found that Facebook has abused user data through a "misleading disclosure" in Facebook's terms. The SEC charge will cost the social media powerhouse $100 Million.