 "facebook, social media")
Former Federal Trade Commission officials say that Facebook Inc. appears to have breached a 2011 consent agreement to safeguard users’ personal information and may be facing hundreds of millions of dollars in fines.
The agency could fine Facebook up to $40,000 per violation per day -- which could add up quickly with millions of users involved -- if it finds the social media giant broke its earlier promises to protect user data, they say.
“If I had to bet, they will find violations,” said Jessica Rich, a former head of the FTC’s consumer protection bureau.
“The penalty could potentially be
