Facebook has recently been fined for 1.2 million Euros, which converts to about $1.4 million. The fine is from an investigation into the social network that alleged that they were collecting personal information from their user base in Spain, and that information could then be used for advertising. Of course, this is basically Facebook’s whole business model, but this investigation showed that they did it without informing the users of how the data would be used.
Facebook has not commented on this situation, and isn’t likely to given the size of the lawsuit. While Facebook might not be overly concerned about a penalty this size, it is a good reminder to all marketers and anyone who owns a website of any sort, that privacy violations are a serious issue that can’t be ignored.