Facebook Ordered
to Pay $5 Billion
Over Privacy Breaches
The Federal Trade Commission
(FTC) announced the settlement
following its investigation.
The investigation focused
on the mishandling of personal
data and communications with users.
It is the largest fine
in the history of the FTC.
Joseph Simons, FTC Chairman, via CNN
Before the fine was
announced, Facebook CEO
Mark Zuckerberg posted a
response on the platform.
Mark Zuckerberg, Facebook CEO, Facebook
Facebook has also agreed
to pay an additional $100 million
settlement to the Securities
and Exchange Commission.