Facebook Sued for $15BWritten by Pace Lattin
May 18, 2012 # 10:17 am # Industry News, Specials # 38 Comments
As their IPO launches, it seems that Facebook is being sued for $15 Billion for improper user tracking. Basically, the suit claims that Facebook invaded privacy by tracking users, whether they were logged into Facebook or not.
The suit, filed in the Federal Court in California, combined 21 total cases from around the Country. This figure in the suit is based on US Wiretap Act, and says that based on this law, it “provides statutory damages of the greater of $100 per violation per day, up to $10,000, per Facebook user.”
According to Bloomberg:
Facebook, which sold stock in an initial public offering valuing the company at about $104 billion, has been scrutinized by regulators in the U.S. and Europe over how it protects users’ private data. Last year, a German data-protection agency said it may fine the company over facial-recognition software used for tagging photos.