$5B FTC settlement reminds us just how serious Facebook’s privacy problem is

Published July 24, 2019 7:38pm ET



It’s a bad time to be Facebook CEO Mark Zuckerberg.

On July 24, Facebook revealed the details of its recent settlement with the Federal Trade Commission, a branch of the federal government assigned with protecting consumers and punishing unfair business practices. The company will have to pay a record-setting $5 billion fine, and the settlement requires that Facebook start a new board committee explicitly focused on user privacy.

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