Facebook's $100M SEC Settlement May Complicate Libra Pitch
Law360 (July 24, 2019, 8:39 PM EDT) -- The U.S. Securities and Exchange Commission's $100 million settlement Wednesday over Facebook's user data disclosures paved new ground for the securities regulator while amplifying concerns about the technology giant's privacy practices at a crucial time as it looks to launch a digital currency.
The SEC filed its complaint accusing Facebook Inc. of making misleading statements about research firm Cambridge Analytica's use of personal data just a week after lawmakers grilled the company about plans to develop a digital token, called Libra.
Consumer privacy is a central concern Facebook must address in the lead-up to Libra going live in the first half...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!