Facebook has received several fines for various reasons, including data privacy violations, antitrust violations, and failure to comply with regulatory requirements. Here are three of the largest fines that Facebook has received:
- Data privacy violation fine: In 2019, the UK’s Information Commissioner’s Office (ICO) fined Facebook £500,000 ($644,000) for failing to protect users’ data in the Cambridge Analytica scandal. This was the maximum fine that the ICO was able to impose at the time, but the fine was later increased to £650,000 ($844,000) after the ICO appealed the decision.
- Antitrust violation fine: In 2020, the European Commission fined Facebook €110 million ($122 million) for providing incorrect or misleading information during a 2014 investigation into its acquisition of WhatsApp.
- Failure to comply with regulatory requirements fine: In 2017, the French data protection authority (CNIL) fined Facebook €150,000 ($164,000) for failing to comply with the country’s data protection rules. This was the first fine that Facebook received from the CNIL, and it was the largest fine that the authority had imposed at the time.
These are just a few examples of the fines that Facebook has received. It is important to note that Facebook has faced numerous other fines and regulatory actions in various countries around the world.