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Facebook reportedly agrees to $5 billion FTC settlement
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Quote:In context: Following a wide array of breaches, data privacy scandals, and other controversies, Facebook certainly hasn't been viewed in the most positive light lately. Indeed, due to its many failures, the company has been the focus of some fairly intense scrutiny from various regulatory boards and agencies throughout the world.In the US, one such board is the Federal Trade Commission (FTC), who has been looking into Facebook's past controversies with a fine-tooth comb. According to a new report from The Wall Street Journal (WSJ), after some likely intense negotiations, the FTC has agreed to settle their case against the social media giant to the [Only registered and activated users can see links Click here to register].
While that's still only a fraction of Facebook's revenue, it's a more sizable hit than we often see in these situations.
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