FTC chair suggests record fines are coming

For a few weeks now, rumors have circled Washington that the U.S. Federal Trade Commission is negotiating a potentially record-breaking fine of Facebook for alleged privacy violations.

Media reports have placed a potential fine in the $3 billion to $5 billion mark, and just this week, new reports state negotiations also include a slew of new privacy positions as part of the FTC settlement.

Full article: FTC chair suggests record fines are coming