Facebook has been all over the news in recent months though the reasons have not necessarily been positive. In particular, in recent months, when it comes to obeying laws protecting personal information, Americans have less trust in Facebook than other internet-based technology companies.
However, the evaporation of trust among its users wasn't the only headache for Facebook in recent weeks.The U.S. Federal Trade Commission (FTC) also said it is investigating the firm to determine if it had "failed" to protect the privacy of its users. According to former FTC officials, the social network could be penalized severely if it is found to have violated or failed to comply with the consent decree it agreed in 2011. Fines could amount to $40,000 per violation and theoretically, this could all add up to $2 trillion.
This is not to say that Facebook is ruined as a stock -- from here on out, it really depends on the company how they choose to address these issues and truly ensure that they won't happen again. Only then will Facebook be considered one of the more vibrant technology stocks for the future.
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