Posted on 07/13/2019 2:30:15 PM PDT by Eleutheria5
The Federal Trade Commission (FTC) has voted to approve fining Facebook approximately $5 billion as a penalty for the company's privacy violations in the Cambridge Analytica scandal, The Guardian reported.
According to the Washington Post, an anonymous source familiar with the issue said Friday that the settlement was approved 3-2, and that the Justice Department is expected to approve the move.
In addition to the fine, which would be the highest ever levied by the FTC against a technology company and the highest ever levied for a privacy violation, Facebook will reexamine how it handles user data.
The Washington Post noted that Facebook "may have to document every decision it makes about data before offering new products, keep closer watch over third-party apps that tap users’ information, and require its top executives, including CEO Mark Zuckerberg, to attest that the company adequately has protected privacy."
However, the reports noted that the fine will not affect Facebook's ability to share data with third parties.
.....
(Excerpt) Read more at israelnationalnews.com ...
The ‘victims’ were the American People, especially women and minorities, because Facebook accidentally helped Trump! get data on a few million./seriesly. That’s what this is all about.
Nice humongous monopoly you got here. Give me my cut and I’ll let you conduct business as usual, no anti-Trust or questioning your platform status despite blatant favoritism.
Let’s rename the company “Fascistbook”. More appropriate, n’est pas?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.