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Federal Trade Commission Approves $5 Billion Fine For Facebook: Report

Federal Trade Commission Approves $5 Billion Fine For Facebook: Report

The report cited an unnamed person familiar with the matter. Facebook declined to comment; the FTC did not immediately respond to messages.... The Federal Trade Commission voted to approve a fine of roughly $5 billion against Facebook over user-privacy violations by the social media.... FTC Reportedly Hits Facebook With Record $5 Billion Settlement ... If approved by the Justice Department's civil division, it will also be the first ... The reported fine far surpasses the previous largest privacy-related penalty that.... The Federal Trade Commission says Facebook will be a safer social ... Facebook fined $5 billion by FTC, must update and adopt new privacy, security measures ... each must submit individual quarterly compliance reports to the FTC. ... The commission approved the settlement with a 3-2 vote, with the.... The Federal Trade Commission approved a $5 billion settlement with Facebook; ... The commission has limited powers to impose fines for first-time privacy ... Facebook shares gained 1.8% on Friday, even though the reported.... A federal judge on Thursday approved the $5 billion Federal Trade ... The FTC's investigation was launched in March 2018 after reports that data from ... Beyond the fine, the settlement also required Facebook to create an.... FTC slaps Facebook with record $5 billion fine, orders privacy oversight ... The FTC began probing Facebook in March 2018 following reports that political ... The Federal Trade Commission approved a record $5 billion.... Facebook has reportedly reached a settlement with the Federal Trade Commission over repeated privacy violations, The Wall Street Journal reports. According to the Journal, the FTC voted this week to approve a $5 billion settlement, which has now moved to the Justice Department's civil division for review.. The FTC's $5 billion civil penalty against Facebook for violations of an earlier ... services, and must report any privacy incident to the FTC within 30 days. ... who must be approved by the Independent Privacy Committee, will.... The Federal Trade Commission has approved a $5 billion settlement against Facebook, according to multiple reports. The record-breaking.... Facebook, Inc. will pay a record-breaking $5 billion penalty, and submit to new restrictions and a modified corporate structure that will hold the company accountable for the decisions it makes about its users' privacy, to settle Federal Trade Commission charges that the company violated a 2012 FTC order by deceiving .... The Federal Trade Commission voted to approve a roughly $5 billion ... for approving a fine that's small in comparison to Facebook's massive profits. ... report when it announced it earned $15 billion in quarterly revenue. AD.. According to reporting by The Washington Post, the FTC voted to approve the $5 billion penalty along party lines, with the Democratic minority.... Facebook Inc will pay a record-breaking $5 billion fine to resolve a government ... its earnings report that the FTC told it last month that the commission had opened ... The FTC probe that resulted in the $5 billion settlement uncovered a wide range of privacy issues. ... The settlement requires court approval.. The $5bn fine would be the largest ever levied by the Federal Trade Commission against a technology company. ... Facebook to be fined $5bn for Cambridge Analytica privacy violations reports ... The Federal Trade Commission has reportedly voted to approve fining Facebook roughly $5bn to settle an...

Facebook assessed $5 billion penalty, subjected to sweeping new ... The FTC notes that the penalty against Facebook is the largest ever ... will be subject to the approval of the new board privacy committee and can ... will be required to report directly to the new privacy board committee on a quarterly basis.. At $5 billion, the fine the U.S. Federal Trade Commission is about to ... reports on Friday said the FTC has voted to fine Facebook for privacy.... US regulators on Friday welcomed a "historic" $5 billion settlement with ... and the US Federal Trade Commission became official with the approval ... privacy protections; provide detailed quarterly reports on compliance with.... In addition to the $5 billion fine, the deal requires Facebook to accept new oversight on privacy. advertisement. advertisement. If accepted by.... The 35-year-old Facebook founder will also be required to submit reports to the FTC on a quarterly and annual basis, certifying that the company...


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