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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

FACEBOOK INC

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South Korean watchdog fines Facebook $6.1 million for sharing user info without consent

11/25/2020 | 03:56am EST
FILE PHOTO: FILE PHOTO: Facebook logos

SEOUL (Reuters) - A South Korean agency for protecting personal information on Wednesday fined Facebook Inc 6.7 billion won ($6.06 million) and sought a criminal investigation for providing users' personal information to other operators without consent.

The country's Personal Information Protection Commission, launched in August this year, said in a statement it fined Facebook after a probe found that the personal information of least 3.3 million of the 18 million Facebook users in Korea were provided to operators other than Facebook without their knowledge, from May 2012 to June 2018.

When someone uses another operator's service through Facebook's log-in, the personal information of the user's Facebook friends were provided to other operators without their consent, the commission said.

The commission said it will refer Facebook Ireland Ltd, the recipient of the fine, to the country's prosecution for a criminal investigation.

"We have cooperating as much as possible throughout the investigation process, we regret that the Personal Information Protection Commission has sought a criminal investigation," a Seoul-based Facebook spokeswoman said in a statement, declining further comment as Facebook hasn't yet fully reviewed the details of the decision.

(Reporting by Joyce Lee, editing by Louise Heavens)

By Joyce Lee


© Reuters 2020
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Financials (USD)
Sales 2020 83 625 M - -
Net income 2020 27 031 M - -
Net cash 2020 61 302 M - -
P/E ratio 2020 26,8x
Yield 2020 -
Capitalization 716 B 716 B -
EV / Sales 2020 7,83x
EV / Sales 2021 6,13x
Nbr of Employees 56 653
Free-Float 83,8%
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Technical analysis trends FACEBOOK INC
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TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 49
Average target price 320,84 $
Last Close Price 251,36 $
Spread / Highest target 49,2%
Spread / Average Target 27,6%
Spread / Lowest Target -22,4%
EPS Revisions
Managers and Directors
NameTitle
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
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