data scandal: “facebook” fined $5bn over ‘inappropriate’ sharing of users’ personal information
Washington: The US Federal Trade Commission (FTC) has approved a roughly $5bn settlement with Facebook over its investigation into the social media company’s handling of user data, according to reports.
The Federal Trade Commission (FTC) has been investigating allegations that political consultancy Cambridge Analytica improperly obtained the data of up to 87 million Facebook users.
The probe has focused on whether the sharing of data and other disputes violated a 2011 consent agreement between Facebook and the regulator.
The consumer protection agency the FTC began investigating Facebook in March 2018 following reports that Cambridge Analytica had accessed the data of tens of millions of its users.
The investigation focused on whether Facebook had violated a 2011 agreement under which it was required to clearly notify users and gain “express consent” to share their data.