4 Takeaways From Facebook's Historic $5B Privacy Settlement
Law360 (July 24, 2019, 11:14 PM EDT) -- Facebook's $5 billion settlement with the Federal Trade Commission unveiled Wednesday creates unprecedented layers of privacy oversight at the company and introduces measures aimed at holding company executives personally responsible for privacy faults.
But the deal also largely depends on Facebook being transparent about how it handles user data — which the FTC has already accused Facebook of failing to do — and grants the social media giant a massive liability shield for its past behavior, sparking debate over whether the federal agency made too many concessions to avoid suing Facebook in federal court.
Here, Law360 breaks down four key takeaways from...
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