FTC Imposes $5 Billion Penalty and Sweeping New Privacy Restrictions on Facebook

Federal Trade Commission settlement imposes historic penalty, and significant requirements to boost accountability and transparency

Facebook, Inc. will pay a record-breaking $5 billion penalty, and submit to new restrictions and a modified corporate structure that will hold the company accountable for the decisions it makes about its users’ privacy, to settle Federal Trade Commission charges that the company violated a 2012 FTC order by deceiving users about their ability to control the privacy of their personal information.

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