Federal Court approves $5 billion settlement between Facebook and FTC

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He added that the Court’s decision highlighted the fact the settlement requires Facebook “to consider privacy at every stage of its operations and provide substantially more transparency and accountability for its executives’ privacy-related decisions.”

On the other hand, Facebook’s Chief Privacy Officer Michel Protti said, “This concludes the FTC’s investigation that began after the events surrounding Cambridge Analytica in 2018. As we described last year, Facebook agreed to fundamentally shift our approach to protecting people’s privacy, and to pay a $5 billion fine.”

“In my role as Chief Privacy Officer for Product, I’m committed to helping Facebook make important changes to the way that we approach privacy across the company as we implement the order. We’re off to a good start, with much of the work required by the agreement already underway.”

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