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Facebook agreed to pay a record $5 billion to resolve a U.S. investigation into years of privacy violations, a settlement that increases the board of directors' responsibility for protecting users' data while changing little about the company's lucrative advertising business.
The Federal Trade Commission has approved a fine of roughly $5 billion against Facebook for mishandling users' personal information, according to three people briefed on the vote, in what would be a landmark settlement that signals a newly aggressive stance by regulators toward the country's most powerful technology ...
So, where does that $5 billion go? Not to any of the deceived Facebook users, but to the United States Treasury. “By law, this money goes to the US Treasury,” Federal Trade Commission associate director James Kohl said on Wednesday during a press conference in Washington D.C.
Facebook fined $5 billion by FTC, must update and adopt new privacy, security measures. Facebook must pay a record-breaking $5 billion fine as part of a settlement with the Federal Trade Commission, by far the largest penalty ever imposed on a company for violating consumers' privacy rights.
Facebook will reportedly be fined a record $5 billion over privacy mishaps. The Federal Trade Commission is said to have approved a settlement with Facebook. The FTC has been looking into whether Facebook violated a legal agreement it had with the US government to keep its users' data private.
The FTC is holding Mark Zuckerberg personally responsible to a limited degree. Federal regulators have fined Facebook $5 billion for privacy violations and are instituting new oversight and restrictions on its business.
Facebook will reportedly be fined a record $5 billion over privacy mishaps. The Federal Trade Commission is said to have approved a settlement with Facebook. The FTC has been looking into whether Facebook violated a legal agreement it had with the US government to keep its users' data private.
Facebook will reportedly be fined a record $5 billion over privacy mishaps. The Federal Trade Commission is said to have approved a settlement with Facebook. The FTC has been looking into whether Facebook violated a legal agreement it had with the US government to keep its users' data private.
In June 2019, we were informed by the FTC that it had opened an antitrust investigation of our company, reads the company's earnings release. ... Earlier today, Facebook and the FTC announced the terms of a settlement of an entirely separate investigation over the company's privacy practices.
Facebook must pay a record-breaking $5 billion fine as part of a settlement with the Federal Trade Commission, by far the largest penalty ever imposed on a company for violating consumers' privacy rights.
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