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Facebook CEO Mark Zuckerberg. Photo: Chesnot/Getty Images

A regulator in Britain could fine Facebook more than $660,000 over the Cambridge Analytica data scandal.

Why it matters: The fine is the first regulatory penalty for the social giant as a result of the data dustup. It may not be the last.

What they’re doing: The British Information Commissioner’s Office said it could fine Facebook 500,000 pounds, the maximum possible, for possible failures in how it handled the collection of data used by Cambridge Analytica. It also said the company might not have properly told users their data could be exposed.

  • Facebook, however, has a chance to respond to the allegations and proposed penalty.

What they’re saying: "As we have said before, we should have done more to investigate claims about Cambridge Analytica and take action in 2015," said Erin Egan, Facebook’s chief privacy officer, in a statement. "We're reviewing the report and will respond to the ICO soon."

Reality check: While it’s the maximum amount allowed under the law, the proposed fine of just over $660,000 likely won't make a large dent in the company's finances. Facebook brought in more than $11 billion in ad revenue during the first quarter of 2018 alone.

The big picture: The office’s investigation will continue. It stretches far beyond Facebook and Cambridge, to other aspects of the use of data in politics.

Go deeper

Updated 49 mins ago - Politics & Policy

Officer Kim Potter arrested, charged with manslaughter in Daunte Wright's death

Kim Potter's booking photos. Photo: Hennepin County Sheriff's Office

Kim Potter, the former police officer charged with second-degree manslaughter in the fatal shooting of Daunte Wright, was released on a $100,000 bond on Wednesday, Hennepin County jail records show.

Why it matters: Sunday's shooting of the 20-year-old Black man in Brooklyn Center, Minnesota, just 10 miles from where George Floyd was killed by a Minneapolis police officer last year, has reinvigorated Black Lives Matter protests and led to three consecutive nights of unrest.

Biden names Erika Moritsugu as senior AAPI liaison

Erika Moritsugu. Photo courtesy: National Partnership for Women & Families

President Biden has named Erika Moritsugu as deputy assistant to the president and Asian American and Pacific Islander senior liaison, the White House announced Wednesday.

Driving the news: The decision follows weeks of pressure from AAPI leaders to include more Asian American representation at the Cabinet level and in senior administration roles.

Matt Gaetz targets CNN in new ad amid sexual misconduct claims

Rep. Matt Gaetz in Doral, Florida, last week. Photo: Joe Raedle/Getty Images

Rep. Matt Gaetz (R-Fla.) announced Wednesday a six-figure ad buy for a spot that takes aim at CNN as part of an offensive to hit back at mounting sexual misconduct allegations, Politico first reported.

Driving the news: Gaetz is under federal investigation following sex trafficking allegations, and the House Ethics Committee has also opened an inquiry. Announcing the 30-second ad, to run in his Florida Panhandle district, Gaetz called on his Twitter followers to "help us fight back!"