FTC fines Facebook $5 billion, imposes new privacy oversight

FTC fines Facebook $5 billion, imposes new privacy oversight

5 years ago
Anonymous $9jpehmcKty

https://arstechnica.com/tech-policy/2019/07/ftc-fines-facebook-5-billion-imposes-new-privacy-oversight/

The Federal Trade Commission today announced a long-rumored, record-smashing $5 billion settlement with Facebook over allegations related to user privacy.

The fine is high, and the settlement demands more privacy oversight at the company. But what the deal does not do is find anyone, including CEO Mark Zuckerberg, personally responsible, nor does it mandate huge changes to the way Facebook collects data⁠—only to the way it makes disclosures and honors user settings.