Facebook's co-founder Mark Zuckerberg has confronted at least 100 Congress members in a 10-hour hearing this week. Many of whom came forward in front of the Federal Trade Commission (FTC). Zuckerberg has been accountable for his boldness. However, Facebook has not yet scratched the head. They have to face the FTC. Facebook can count on millions of dollars fine if the charges against Facebook are proved. Recently, a report has been published in the US Journal of Time.
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Last week, the United States Senator's response to questions about scandal related to the UK's election consultancy firm Cambridge Analyte was to answer questions about Zuckerberg. After the information was compromised by Cambridge Analysts, 8 million and 70 million information was collected from Facebook, Zakirbagh was to appear in the hearing before some joint committee of the United States Senate. The allegation is that these information is later used in the election campaign of US President Donald Trump. But the Congress has responded well, but now Zuckerberg will have to deal with the incident investigation officer FTC FTC acts as an independent agency to protect US consumers' rights.
More stringent FTC as law enforcement than legislation. This organization does not give any discount in protecting the consumer's right to fraud and fraud. The complaint has been raised, a company called Cambridge Anilitika has allowed Facebook to access the app. Through that app, millions of Facebook users collect personal information and Cambridge Analytics Then the FTC announced that they are investigating the privacy policy of Facebook.
FPC Bureau of Consumer Protection's acting director Tom Pahl said in a statement, "They are firmly and fully committed to protecting the privacy of customers." After the announcement of this company's shares, Facebook shares collapsed in the stock market.
According to the 'Concurrent Decree' agreement, Facebook committed to establishing and maintaining a wide range of privacy. Former FTC Commissioner and George Washington University School of Law professor William Kovic said that FTC is very serious about customer safety. It is also against the policy of the agency not to take action against fraud. FTC can penalize a company if it violates a constitutional degree.
The interesting thing here is that Zakarabarga confronted Congress; But how much ftc fines can avoid? If there is a violation of rules, then every user has a rule of up to 40 thousand dollars fine. If it can be multiplied by 8.7 million subscribers ($ 3, 48, 000), then it will be multiplied by Facebook's market value too. Currently Facebook's market value is $ 48 billion. If the FTC strongly insists on protecting its policies, then there is no need to leave Facebook to get away from it.
But the matter that is important in this case, is to prove the FTC, violates the Facebook rules. Such evidence, which can be understood, has not given much importance to the confidentiality of the company. But FTC is in danger. If the violation of rules is proved, then the question of the FTC qualification will be raised. Complaints can arise, there is also negligence in their control. Former FTC attorney has said in this regard, if the FTC wants to protect itself as an organization, they must prove their violation of Facebook's rules.
But whether Facebook is really responsible, it is not clear yet. Lawmakers complained to Zakerbagh many of the Congress's hearings. But Zuckerberg repeatedly said that he believed that he was wrong in any other matter, but was in agreement with Facebook. The company's lawyer worked very firmly in this regard. Zuckerberg, acknowledging his mistake in the present situation, said that Cambridge's commitment to 2015 was to eliminate all the information, it was not right to believe it.
Zuckerberg is asked in the hearing, how it is possible, many users think that Facebook has ruined their faith, but Facebook says there was no violation of the contract? Then he replied, there was no 'data infringement' strategically. In 2013, a researcher collects this information from the users for educational research. Then he sold it to a commercial company immorally. The company created relationships with Donald Trump's camp in the US elections in 2016. The researcher created an application, with three million user profiles attached. The app then collects information about those users and also collects hundreds of users' information. That is to say, flowers in flowers like Balloons have turned into millions of subscribers in the end.
Facebook thinks that the rules are not violated. However, Zacaberg apologizes for the incident. He announced that Facebook is reviewing thousands of apps, whether any incident or event has happened, is being investigated. He thinks that the incident happened due to the framework of the creation of Facebook. This is how it is designed. Maybe this design is not quite right.
As far as the FTC has been investigated, it is said that the liability for this offense is more than the third party to the company. But it is not saying that if the FTC as a regulatory body does not investigate properly, it will be widely criticized.