Meta Platforms to pay $725 mln to settle Cambridge Analytica class action lawsuit
Meta Platforms, Facebook's parent company, has agreed to pay $725 million to settle a class-action lawsuit alleging the social media giant enabled third parties, notably Cambridge Analytica, to obtain users' data.
The settlement agreement, revealed in a court filing late Thursday, would end a lo... Read more
FTC fines Facebook $5 billion and demands privacy review
The Federal Trade Commission (FTC) has fined Facebook $5 billion for various privacy scandals. In addition, the social medium must take various measures to prevent future problems.
The fine follows an investigation by the FTC, which began after it became clear that Cambridge Analytica misused the da... Read more
Facebook expects privacy fine of up to 5 billion U.S. dollars
Facebook expects to get a fine of between $3 billion and $5 billion from the U.S. Federal Trade Commission. The company announced this at the presentation of its quarterly figures. Earlier, there were rumors of a billion-dollar fine.
According to the quarterly figures, Facebook has set aside 3 to 5... Read more
“Facebook may be fined billions in the U.S.
Facebook is negotiating with the Federal Trade Commission (FTC) on a settlement of the Cambridge Analytica scandal. The FTC would consider imposing its highest fine ever for last year's Cambridge Analytica scandal. Of course, Facebook does everything in its power to keep the fine as low as possible.... Read more
British privacy watchdog gives Facebook maximum fine for Cambridge Analytica scandal
The UK privacy watchdog has fined Facebook £500,000 for how it has dealt with the Cambridge Analytica scandal. This leaves a decision from July, which was challenged by the social network.
The fine is more symbolic than anything else. After all, half a million dollars does not impress the quarter... Read more
Facebook investors want Zuckerberg to resign as chairman
Facebook investors have called on CEO and founder Mark Zuckerberg to step down as Chairman of the Board of Directors. Shareholders of the American states of Illinois, Rhode Island, Pennsylvania and New York, as well as Trillium Asset Management, want the position to become independent, says ITPro.
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Canadian data firm AIQ is the first to receive a GDPR warning
The Canadian data firm AggregateIQ (AIQ) has the dubious honour of being the first to receive a GDPR warning. The British Information Commissioner Office (ICO) accuses the company of processing people's data for purposes they did not expect.
According to the BBC, AIQ has protested and is appealing a... Read more