FTC reportedly approves $5B settlement with Facebook over privacy violations

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The bankrupt British political consulting firm accessed and misused the personal data of the social media giant’s 87 million users. Cambridge Analytical allegedly used the data to help Donald Trump win the 2016 presidential election.

Reactions to the reported settlement between FTC and Facebook

In a statement, U.S. Mark Warner (D-VA) commented, “Given Facebook’s repeated privacy violations, it is clear that fundamental structural reforms are required. With the FTC either unable or unwilling to put in place reasonable guardrails to ensure that user privacy and data are protected, it’s time for Congress to act.”

In a series of tweets, U.S. Sen. Richard Blumenthal (D-CT), tweeted that the financial penalty against the social media giant is “barely a tap on the wrist.”  He called the FTC “foolish and fool hardly” for relying on money alone to punish the company given its “decades of past privacy violations & ongoing profiteering.

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