Facebook has finally been slapped with its first fine of £500,000 for allowing political consultancy firm Cambridge Analytica to improperly gather and misuse data of 87 million users.
The fine has been imposed by the UK's Information Commissioner's Office (ICO) and was calculated using the UK's old Data Protection Act 1998 which can levy a maximum penalty of £500,000 — ironically that’s equals to the amount Facebook earns every 18 minutes.
The news does not come as a surprise as the U.K.'s data privacy watchdog already notified the social network giant in July this year that the commission was intended to issue the maximum fine.
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