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

  • Vishwa Advances Agentic Infrastructure Research Through Contribution to Emerging Framew... 11 days ago
  • BitMart US Launches Operations with 49-State Licensing and Zero-Fee Program 16 days ago
  • Global Financial Giants Enter Stablecoin Arena in Pivotal Shift October 30, 2025
  • CRYPTO'S NEW PLAY: 24/7 STOCK TRADING October 29, 2025
  • Gold’s $2.1 Trillion Plunge: Where Is The Smart Money Flowing Next? October 22, 2025

    • You need to login to comment.