Possible USD5 billion Facebook fine echoes European tech penalties

SAN FRANCISCO (AP) – The possibility of a USD5 billion federal privacy fine for Facebook suggests that United States (US) regulators may be taking a cue from the large penalties their European counterparts have been handing out to US technology giants. While investors appear to have shrugged it off for now, the potential fine from the US Federal Trade Commission (FTC) would be more than a slap on the wrist for Facebook, especially if it comes with strings that limit how the company targets advertising to its massive user base. More details in Friday’s Borneo Bulletin