Facebook settles FTC privacy complaint

Facebook settles FTC privacy complaint

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The Federal Trade Commission announced a $5 billion settlement with Facebook on Wednesday, resolving a sweeping investigation by regulators into how the company lost control over massive troves of personal data and mishandled its communications with users. It is the largest fine in FTC history — and yet still only about a month’s worth of revenue for Facebook.

Source: Facebook to pay record $5 billion penalty over privacy breaches – KTVZ

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