facebook: The FTC has been investigating allegations Facebook inappropriately shared information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica, according to Nine News Australia. The probe has focused on whether the data sharing violated a 2011 consent agreement between Facebook and the regulator, a source told Reuters. To improve your experience update it in US5b settlement with US govt By AAP8 31am Jul 13, 2019Facebook Tweet Mail The US Federal Trade Commission has approved a roughly US 5 billion A7.1 billion settlement with Facebook over its investigation into the social media company's handling of user data. Investors cheered news of the deal and pushed Facebook shares up 1.8 per cent, while several powerful Democratic lawmakers in Washington condemned the proposed penalty as inadequate. The settlement would be the largest civil penalty ever paid to the agency. The FTC is expected to include in the settlement other restrictions on how Facebook treats user privacy, according to the Wall Street Journal.
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