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Facebook will pay an unprecedented $5 billion penalty over privacy breaches

Facebook will pay an unprecedented $5 billion penalty over privacy breaches

By Monday, July 29, 2019 Comment Edit
The Federal Trade Commission announced a $5 billion settlement with Facebook on Wednesday, resolving a sweeping investigation by regulators into how the company lost control over massive troves of personal data and mishandled its communications with users. It is the largest fine in FTC history — and yet still only about a month's worth of revenue for Facebook.


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