The U.S. Federal Trade Commission has approved a record $5 billion settlement with Facebook over its privacy investigation into the Cambridge Analytica scandal. The settlement will put an end to a wide-ranging probe that began more than a year ago and centers around the violation of a 2011 agreement Facebook made with the FTC that required Facebook to gain explicit consent from users to share their personal data. The fine amounts to just one month’s worth of Facebook’s revenue, far bigger than the $22.5 million fine levied against Google in 2012 for allegedly violating an agreement to improve privacy practices.
Source: https://thehackernews.com/2019/07/facebook-data-privacy-ftc.html