WASHINGTON—A judge approved Facebook Inc.’s $5 billion settlement with the Federal Trade Commission over privacy violations, the agency announced Friday—overruling objections that the deal didn’t adequately punish the company.
Judge Timothy Kelly of the U.S. District Court for the District of Columbia greenlighted the deal reached last summer, which included the $5 billion fine, restrictions on some aspects of Facebook’s business decisions, and ongoing oversight of the social media giant.
frankly speaking, privacy is difficult to keep at these social media
Data thieves.
Not chump change, but Facebook has already written this off, and the market has discounted the effect on market cap. What is Facebook *specifically* prohibited from doing? 🤔
Great! So when do Facebook users get their checks?
Facebook=Putin
You sure? FB is still laughing..
Facebook Mark Zuckerberg should also do jail time!
(A drop in the bucket.) Facebook's privacy violations are 'stunning' according to court.
A five billion dollar fine is a drop in the bucket for the largest intelligence gathering tool ever created. (aside from what's in the basement of the Utah Data Center).
in other news, water is wet.
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Source: Reuters - 🏆 2. / 97 Read more »
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