By : Marzella Sigai
Facebook has barely shaken off a record $5 billion fine by U.S. regulators over its privacy practices but it already faces new investigations into potential antitrust violations and other issues.
Now, a group of state attorneys generals led by New York’s Letitia James is piling on with its own antitrust investigation into Facebook.
For a decade, Facebook had largely been trusted to regulate itself and keep its 2.4 billion users’ interests at heart. Then came Russian meddling in the 2016 elections, fake news and the Cambridge Analytica scandal, in which a political data-mining firm affiliated with Donald Trump’s presidential campaign improperly accessed the personal data of as many as 87 million users.
Regulators in Europe and the U.S. took notice. Facebook now faces the prospect of not only billions of dollars in additional fines but also new restrictions. -AP NEWS