Facebook has been fined £500,000 ($664,000) in the U.K. after the country’s data protection watchdog concluded that its data-sharing scandal broke the law, making it as the social network’s first fine over the Cambridge Analytica scandal.
Yes, £500,000—that’s the maximum fine allowed by the UK’s Data Protection Act 1998, and equals to what Facebook earns every 8 minutes.
Facebook has been under scrutiny since earlier this year when it was revealed that personal data of 87 million users was improperly gathered and misused by political consultancy firm Cambridge Analytica, who reportedly helped Donald Trump win the US presidency in 2016.
According to the social media giant, a Cambridge University lecturer named Aleksandr Kogan collected the users’ data legitimately through a quiz app but then violated its terms by sharing the data with Cambridge Analytica, which was then hired by the Trump presidential campaign.
The UK’s Information Commissioner’s Office (ICO), who launched an investigation the Cambridge Analytica scandal in March, said that Facebook failed to prevent users’ data from falling into the hands of Cambridge Analyt