Roses are red, Facebook will pay, to make Uncle Sam go away: Zuck, FTC in $bn settlement rumor

www.theregister.co.uk | 2/14/2019 | Staff
eymira (Posted by) Level 3
Click For Photo: https://regmedia.co.uk/2018/04/11/zuckerberg.jpg

Facebook is reportedly close to breaking out its checkbook to settle the FTC's legal rumblings over the antisocial network's unique approach to netizens' privacy.

The tech giant, led by warm bread enthusiast Mark Zuckerberg, will cough up several billion dollars to disappear allegations it violated the privacy of its users by flogging off their data to the highest bidder, according to a report today by the Washington Post.

US - Trade - Bod - Network - People

The US trade bod has been looking into the social network and how it safeguards people's private information since July 2018, when word broke that Facebook had supplied political operatives at Cambridge Analytica with the profile data of tens of millions of users.

That info was reportedly used for a number of political campaigns, including (allegedly) efforts on behalf of Brexit campaigners and Donald Trump's successful 2016 White House bid.

Officials

"We are cooperating with officials in...
(Excerpt) Read more at: www.theregister.co.uk
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