The social media giant Facebook Inc is headed toward an agreement with the U.S. government over its privacy policies and practices that would put it under 20 years of oversight, according to a source knowledgeable about the discussions. The agreement would resolve a probe of whether the company violated a similar consent pact reached in… Continue reading Facebook Facing 20-Year Consent Agreement with U.S. Government After Privacy Lapses
Tag: privacy violations
Facebook Expects to Be Fined Up to $5 Billion by F.T.C. Over Privacy Issues
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
Facebook Faces U.S. Privacy Pact that Could Cost Billions
Facebook Inc. is in talks with U.S. regulators over alleged privacy violations that could force the social-media giant to pay billions of dollars in a record-breaking settlement, according to two people familiar with the matter. The U.S. Federal Trade Commission’s consumer-protection staff and the company are in discussions that could lead to a resolution of… Continue reading Facebook Faces U.S. Privacy Pact that Could Cost Billions