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[rtl]Date of release:: 2019/7/13 8:33 • 79 times scheduled[/rtl]
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(Reuters) - The US Federal Trade Commission has agreed this week to settle a $ 5 billion settlement with Facebook for its investigation into how the social networking company handles user data, an informed source said.
The committee is investigating allegations that Facebook misrepresented the personal data of 87 million users with the UK-based consulting firm Kemberg Analytica. The investigation focuses on whether data exchange and other disputes have violated an agreement dating back to 2011 between Facebook and the regulator.
The news prompted Facebook shares to rise 1.8 percent. Facebook said earlier this year it had allocated $ 3 billion to pay a fine that it expected to range from $ 3 billion to $ 5 billion.
The Federal Trade Commission and Facebook declined to comment.
The source said a final declaration on the settlement could be issued next week.
The settlement is expected to include government restrictions on how Facebook treats users' personal data, the Wall Street Journal reported
http://alforatnews.com/modules/news/article.php?storyid=203319
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America fines Facebook for $ 5 billion after selling user data scandal
[/rtl][rtl]Date of release:: 2019/7/13 8:33 • 79 times scheduled[/rtl]
(Reuters) - The US Federal Trade Commission has agreed this week to settle a $ 5 billion settlement with Facebook for its investigation into how the social networking company handles user data, an informed source said.
The committee is investigating allegations that Facebook misrepresented the personal data of 87 million users with the UK-based consulting firm Kemberg Analytica. The investigation focuses on whether data exchange and other disputes have violated an agreement dating back to 2011 between Facebook and the regulator.
The news prompted Facebook shares to rise 1.8 percent. Facebook said earlier this year it had allocated $ 3 billion to pay a fine that it expected to range from $ 3 billion to $ 5 billion.
The Federal Trade Commission and Facebook declined to comment.
The source said a final declaration on the settlement could be issued next week.
The settlement is expected to include government restrictions on how Facebook treats users' personal data, the Wall Street Journal reported
http://alforatnews.com/modules/news/article.php?storyid=203319
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