FTC Considers Record Fine for Facebook Over Violation of User Privacy Agreement It Made in 2012, Report Says [Fortune]
Meta Platforms, Inc. - Class A (FB)
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Source: Fortune
FTC Considers Record Fine for Facebook Over Violation of User Privacy Agreement It Made in 2012, Report Says By Glenn Fleishman 7:06 PM EST The Federal Trade Commission may impose a record fine on Facebook (fb) Washington Post The FTC agreement, a settlement that the FTC and Facebook finalized in 2012 Google A Facebook spokesperson told Fortune Facebook’s 2012 agreement with the FTC lasts 20 years, and required the social network to take affirmative steps to obtain consent from users for a variety of data sharing with third parties. In addition, the company can’t be misleading about its privacy practices. It should also have been arranging for outside, independent audits of its practices every two years to make sure they meet the FTC terms. Facebook has disclosed and been accused of a series of privacy-violating incidents, some dating back several years, in which the company revealed user information to third parties both intentionally had security and software failings includes a ser
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