Tag: FTC

U.S. Regulators Approve $5 Billion Facebook Settlement Over Privacy Issues

Internet security concept. 3d illustration

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

Facebook Expects to Be Fined Up to $5 Billion by F.T.C. Over Privacy Issues

Istanbul, Turkey - April 29, 2018: Person holding a brand new Apple iPhone X with Facebook profile on the screen. Facebook is a social media online service for microblogging and networking, founded in February 4, 2004.

Facebook said on Wednesday that it expected to be fined up to $5 billion by the Federal Trade Commission for privacy violations, in what would be a record penalty by the agency against a technology company. The social network disclosed the amount in its quarterly financial results, saying it estimated a one-time charge of $3… Continue reading Facebook Expects to Be Fined Up to $5 Billion by F.T.C. Over Privacy Issues