Federal Trade Commission
FTC Gives Final Approval to Modify FTC’s 2012 Privacy Order with Facebook with Provisions from 2019 Settlement (Federal Trade Commission)
Submitted by Jon Sallet on Tue, 04/28/2020 - 13:25Facebook’s $5 Billion Privacy Settlement Wins Court Approval
A judge approved Facebook’s $5 billion settlement with the Federal Trade Commission over privacy violations—overruling objections that the deal didn’t adequately punish the company. Judge Timothy Kelly of the US District Court for the District of Columbia greenlighted the deal reached in the summer of 2019, which included the $5 billion fine, restrictions on some aspects of Facebook’s business decisions, and ongoing oversight of the social media giant.