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RSS FeedsFacebook $5 billion U.S. privacy settlement approved by FTC
(WorldNews Business)

 
 

13 july 2019 03:05:38

 
Facebook $5 billion U.S. privacy settlement approved by FTC
(WorldNews Business)
 


The U.S. Federal Trade Commission approved a record privacy settlement against Facebook Inc. requiring the social-media company to pay about $5 billion to resolve an investigation stemming from the Cambridge Analytica data scandal. The FTC`s settlement was approved by a vote of 3-2, according to two people familiar with the matter. It caps a probe that opened in March 2018 after news that Cambridge Analytica, a consulting firm hired by President Donald Trump`s campaign, obtained user data from a researcher who created a personality quiz app on the social network. The FTC`s settlement, the largest privacy fine in the agency`s history, marks the most significant action yet against Facebook...


 
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