Why Facebook Is Facing a Multi-Billion Dollar U.S. Fine

The video discusses the ongoing negotiations between Facebook and the FTC regarding the Cambridge Analytica scandal, highlighting potential fines and the FTC's enforcement power. It explores the reasons for negotiation over legal action and the possible impact on Facebook's business practices. The video also delves into the specifics of the Cambridge Analytica case, emphasizing the unauthorized data sharing with third parties.

What is the main focus of the preliminary negotiations between Facebook and the FTC?

• The potential for a multi-billion dollar settlement

• The development of a new privacy policy

• The impact of Facebook's new features

• The launch of a new social media platform

What is the maximum fine the FTC can impose per violation?

• $10,000

• $20,000

• $41,000

• $50,000

Why might the FTC prefer to negotiate a settlement with Facebook?

• To increase the fine amount

• To avoid a lengthy court battle

• To reduce the number of violations

• To gain more media attention

What is a key issue in the Cambridge Analytica case?

• Unauthorized data access by a third party

• A classic data breach by hackers

• A new feature launch by Facebook

• A partnership with another social media platform

What might privacy advocates want to see as a result of the FTC's actions?

• A new social media platform

• An increase in Facebook's advertising revenue

• A reduction in Facebook's user base

• A change in Facebook's business practices

What is a potential consequence for Facebook if the FTC enforces stricter conditions?

• Expansion into new markets

• Increased advertising revenue

• Changes in business practices

• Development of new features

What makes the Cambridge Analytica case stand out compared to other Facebook issues?

• It involved a data breach by hackers

• It involved sharing user data with a third party

• It was a minor privacy concern

• It was a classic case of unauthorized access