As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by WSJ.com:
The Federal Trade Commission voted this week to approve a roughly $5 billion settlement with Facebook Inc. over a long-running probe into the tech giant’s privacy missteps, according to people familiar with the matter.
The 3-2 vote by FTC commissioners broke along party lines, with the Republican majority lining up to support the pact while Democratic commissioners objected, the people said. The matter has been moved to the Justice Department’s civil division and it is unclear how long it will take to finalize, the person said. Justice Department reviews are part of the FTC’s procedure but typically don’t change the outcome of an FTC decision.
The article goes on to state the following:
A settlement is expected to include other government restrictions on how Facebook treats user privacy. The additional terms of the settlement couldn’t immediately be learned.
— Seth Fiegerman (@sfiegerman) July 12, 2019
— Charlie Warzel (@cwarzel) July 12, 2019
Scoop of the week: FTC votes 3-2 to fine Facebook $5 billion. https://t.co/DOHSIoQIrZ
— John Corrigan (@jtcorrigan) July 12, 2019
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