Facebook and other big settlements: Who gets the money?
https://www.siliconvalley.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, 9:35pm UTC
https://www.siliconvalley.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.