Facebook Inc. agreed to pay a record $5 billion fine and better police its data-privacy practices to settle a long-running federal investigation that has damaged the company’s standing with consumers and clouded its future. Under the settlement, Facebook founder and CEO Mark Zuckerberg will be required to certify that the company is in compliance with… Continue reading Facebook Agrees to Pay $5 Billion in FTC Settlement
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U.S. Regulators Approve $5 Billion Facebook Settlement Over Privacy Issues
The U.S. Federal Trade Commission approved a roughly $5 billion settlement with Facebook Inc this week over its investigation into the social media company’s handling of user data, a source familiar with the situation said on Friday. The FTC has been investigating allegations Facebook inappropriately shared information belonging to 87 million users with the now-defunct… Continue reading U.S. Regulators Approve $5 Billion Facebook Settlement Over Privacy Issues