Social media advertising will see 20% in ad spend boost in 2019 and will account for 13% of all global spend.

Facebook Inc was on Wednesday, July 24, 2019, slapped a record of $5 billion fine by US regulators for privacy violations in a settlement requiring the world’s biggest social network to “submit to new restrictions and a modified corporate structure.”

Facebook has found itself on the receiving end of the largest ever fine to be imposed by the US Federal Trade Commission against a technology company after being hit by a $5bn punishment for its role in the Cambridge Analytica scandal.

Facebook has secured the unwanted accolade of having been subject to the most probes by Ireland’s data protection regulator.

Facebook Inc has launched an investigation after it emerged that the contact details of almost 50million Instagram users leaked from an online database operated by Chtrbox, an Indian based influencer marketing tool.