Facebook Settlement With FTC Could Run Into the Billions

Facebook and the Federal Trade Commission are discussing a settlement over privacy violations that could amount to a record, multibillion-dollar fine, according to three people with knowledge of the talks.

The company and the F.T.C.’s consumer protection and enforcement staff have been in negotiations over a financial penalty for claims that Facebook violated a 2011 privacy consent decree with the agency, said the people, who spoke on the condition of anonymity because the investigation is private.

You can read more in an article by Cecilia Kang in the New York Times at: https://www.nytimes.com/2019/02/14/technology/facebook-ftc-settlement.html.

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