The Federal Trade Commission levied a history $5 billion fine against Facebook for privacy violations.
According to the FTC:
“Despite repeated promises to its billions of users worldwide that they could control how their personal information is shared, Facebook undermined consumers’ choices/ The magnitude of the $5 billion penalty and sweeping conduct relief are unprecedented in the history of the FTC. The relief is designed not only to punish future violations but, more importantly, to change Facebook’s entire privacy culture to decrease the likelihood of continued violations.”
Three Republican commissioners voted in approval for the fine while two Democrats opposed it. The Democrats say the settlement offers no meaningful changes to Facebook’s business model or practices.