By iStartAdmin on Sunday, 28 July 2019
Category: Technology

Facebook just had an absolutely wild rollercoaster of a week. Here's everything that happened.

This week has been a regulatory maelstrom for Facebook.

The Department of Justice, the Federal Trade Commission, and the Securities and Exchange Commission all took chunks out of the social media this week, many of which stemmed from Facebook's handling of the Cambridge Analytica scandal.

Read more: Facebook's humbling deal with the FTC is the biggest assault on Mark Zuckerberg's power in the firm's history

The bulk of the damage was done on Wednesday, with the blockbuster $5 billion penalty from the FTC being the star attraction — although the DOJ set the tone by announcing its sweeping investigation into big tech earlier in the week.

Here is a rundown of one of the wildest weeks in Facebook's 15-year history.

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Original author: Isobel Asher Hamilton