REUTERS: The U.S. Federal Trade Commission approved a roughly US$5 billion settlement with Facebook Inc this week over its investigation into the social media company's handling of user data, a source familiar with the situation said on Friday.
"This fine is a fraction of Facebook's annual revenue. It won't make them think twice about their responsibility to protect user data," he said. The Cambridge Analytica missteps, as well as anger over hate speech and misinformation on its platform, have also prompted calls from people ranging from presidential candidate Senator Elizabeth Warren to a Facebook co-founder, Chris Hughes, for the government to force the social media giant to sell Instagram, which it bought in 2012, and WhatsApp, purchased in 2014.
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US regulators approve US$5 billion Facebook settlement over privacy issues: source[WASHINGTON] The US Federal Trade Commission (FTC) approved a roughly US$5 billion settlement with Facebook this week over its investigation into the social media company's handling of user data, a source familiar with the situation said on Friday. Read more at The Business Times.
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US regulators approve US$5 billion Facebook settlement over privacy issues: sourceThe United States Federal Trade Commission voted this week to approve a roughly US$5 billion settlement with Facebook Inc over a long-running ...
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US regulators approve US$5 billion Facebook settlement over privacy issues: SourceThe United States Federal Trade Commission voted this week to approve a roughly US$5 billion settlement with Facebook Inc over a long-running ...
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