Search Results for “Cecilia Kang”

Emily Glazer, Ryan Tracy and Jeff Horwitz / Wall Street Journal

Emily Glazer, Ryan Tracy and Jeff Horwitz / Wall Street Journal  
FTC Approved $5 Billion Fine Against Facebook for Mishandling Users’ Data in Cambridge Analytica Scandal, Sources

In a landmark settlement that many nevertheless consider a slap on the wrist, the Federal Trade Commission (FTC) by a 3 to 2 vote taken earlier this week, has approved a fine of roughly $5 billion against Facebook for mishandling users’ personal information related to the Cambridge Analytica scandal, people familiar with the matter. The deal, the biggest fine levied by the federal government against a technology company, still needs final approval from the Department of Justice, which is virtually guaranteed. Facebook has also agreed to more comprehensive oversight of how it handles user data, sources say, but none of the conditions in the settlement will impose strict limitations on Facebook’s ability to collect and share data with third parties.