Express

FTC approves $5 billion settlement agreement with Facebook

Liang CHE

Summary: According to CNBC, the US Federal Trade Commission (FTC) announced a $5 billion settlement agreement with Facebook on the company's privacy policy. The fine is the maximum fine imposed by FTC on technology companies. The previous record was a $22.5 million fine imposed on Google for privacy reasons. The $5 billion fine is about 9% ...

According to CNBC, the US Federal Trade Commission (FTC) announced a $5 billion settlement agreement with Facebook on the company's privacy policy. The fine is the maximum fine imposed by FTC on technology companies. The previous record was a $22.5 million fine imposed on Google for privacy reasons. The $5 billion fine is about 9% of Facebook’s 2018 revenue. The FTC will hold a press conference on the settlement agreement at 11 am Eastern time.

Last Update:

Tags: ,
Link: FTC approves $5 billion settlement agreement with Facebook   [Copy]
Next:

Related Articles

  • Onchain Fatigue: The Harsh Reality Driving Users Away from Web3 2 days ago
  • Are Airdrops Overfarmed? State of the Market 3 days ago
  • Autonomous Worlds: The Ultimate Goal of Blockchain? 4 days ago
  • Have Cosmos and Polkadot Been Replaced? The Future of ATOM and DOT 7 days ago
  • Polygon AggLayer: Uniting Modular and Monolithic Blockchain Architectures 8 days ago

    • You need to login to comment.