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Facebook too could be made to shell out in this indirect way. What the FTC is capable of requiring from Facebook is an open question, since the scale and nature of these violations are unprecedented.
“The FTC’s fictional market ignores the competitive reality: Facebook competes vigorously with TikTok, iMessage, Twitter Snapchat, LinkedIn, YouTube, and countless others to help people share ...
The FTC began looking into Facebook seriously after the 2018 Cambridge Analytica scandal that involved as many as 87 million users’ data.
The FTC said in a statement that the settlement will force Facebook to get people's approval before changing how the company shares their data. Along with the agreement, Facebook has created a ...
The FTC has voted to approve a fine of about $5 billion for Facebook over privacy violations, the Wall Street Journal reported Friday. The report cited an unnamed person familiar with the matter.
The Federal Trade Commission Thursday told Facebook and WhatsApp that they must honor their privacy promises, otherwise they could be in violation of FTC regulations. (Gabriel Bouys/AFP) ...
Still, the FTC has concluded the company didn’t follow the rules it agreed to observe in 2011, making it a repeat offender. When it comes to moving fast and not breaking the law, Facebook doesn ...
Facebook’s stock gained 52 cents, or 2.5 percent, to $21.53 in midday trading Friday. The company began trading publicly in mid-May, after the settlement with the FTC was reached.
FTC spokesman Peter Kaplan said regulators would study the changes as part of the government’s oversight of Facebook’s privacy practices, which began in 2011 after Chief Executive Mark ...
Facebook's motion to dismiss the amended complaint came just before the Oct. 4 deadline to respond. The move also comes a day after a whistleblower who worked at the company went public with ...