Facebook Could Face $1.63B in Fines for Latest Data Breach

Facebook is in the hot seat once again, but this time with the European Union. Following the company’s massive data breach that compromised the personal information of 50 million users, the EU is considering fining the social media giant $1.63 billion.

More on Business:

• How Your Favorite Brands Reinvented Themselves and Made Big Money
• 7 Companies That Have Reinvested in America Following Trump’s Election
• Future Is Gloomy for Retailers as They Cut Jobs and Shutter Stores