Facebook and other big settlements: Who gets the money?

Facebook and other big settlements: Who gets the money?

5 years ago
Anonymous $9jpehmcKty

https://www.mercurynews.com/2019/07/24/facebook-and-other-big-settlements-who-gets-the-money/

Days after news of a $575 million settlement over the massive Equifax data breach, the FTC announced a $5 billion fine on Facebook.

But there’s a big difference. Facebook users get nothing directly from the multibillion-dollar fine over the company’s privacy practices because the $5 billion was a civil penalty.

Facebook and other big settlements: Who gets the money?

Jul 24, 2019, 9:14pm UTC
https://www.mercurynews.com/2019/07/24/facebook-and-other-big-settlements-who-gets-the-money/ > Days after news of a $575 million settlement over the massive Equifax data breach, the FTC announced a $5 billion fine on Facebook. > But there’s a big difference. Facebook users get nothing directly from the multibillion-dollar fine over the company’s privacy practices because the $5 billion was a civil penalty.