Facebook to Be Fined $5 Billion in Cambridge Analytica Privacy Scandal

The U.S. Federal Trade Commission has voted to approve a settlement with Facebook that will see the social media giant hit with a roughly $5 billion fine over the Cambridge Analytica privacy scandal, reports The Wall Street Journal.

The matter has been moved to the Justice Department’s civil division and it is unclear how long it will take to finalize, the person said. Justice Department reviews are part of the FTC’s procedure but typically don’t change the outcome of an FTC decision.

A settlement is expected to include other government restrictions on how Facebook treats user privacy. The additional terms of the settlement couldn’t immediately be learned.
The scandal revolved around data firm Cambridge Analytica, which improperly collected information on tens of millions of Facebook users without their consent to create targeted political advertisements during the 2016 campaign.

The data collection came through an app called "This Is Your Digital Life," which requested that Facebook users complete a survey for academic use. In reality, the app's permissions allowed it to collect personal information on not just the Facebook users who took the survey but also their friends.

Facebook revamped its privacy practices in the wake of the scandal, but the company still faced investigations by regulators over multiple security lapses and marked a significant moment in efforts to raise awareness about digital privacy.

Apple CEO Tim Cook called the Cambridge Analytica situation "dire" and has on multiple occasions called for increased regulation to protect user privacy.

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27 weeks ago
so tens of millions of FB users got their privacy robbed and then the Govt pockets $5 Billion because of it
Rating: 111 Votes
27 weeks ago
Add another zero to the fine and maybe FB will take notice.
Rating: 63 Votes
27 weeks ago
And those whose privacy was violated will receive what?
Rating: 57 Votes
27 weeks ago
Meanwhile Equifax essentially gets a pat on the back.
Rating: 55 Votes
27 weeks ago
$5B for ... Subverting Democracy?
Rating: 42 Votes
27 weeks ago
Good news. FB needs to die in the long run.
Hate to be on insta, but I try to use it rarely.
Rating: 38 Votes
27 weeks ago
That **** company deserves to have another 0 behind that settlement sum for a nice round 50 Billion.
Rating: 36 Votes
27 weeks ago
What will that $5B now support?
Rating: 29 Votes
27 weeks ago
That’s... not a lot of money for a company this size.
Rating: 27 Votes
27 weeks ago
Facebook and Google worked closely with the Obama and Hillary campaigns. I think they should get fined 5 billion for each event. Focusing on the 2016 Trump campaign is a myopic approach to the political involvement of these organizations.
Rating: 24 Votes

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