Friday, 12 July 2019

U.S. regulators approve $5 billion Facebook settlement over privacy issues

PARIS, FRANCE - JUNE 18: In this photo illustration, a visual representation of a digital cryptocurrency coin sits on display in front of a Facebook logo on June 17, 2019 in Paris, France. Facebook will announce Tuesday, June 18 the details of its cryptocurrency, called " Libra ". Like bitcoin, the best-known virtual currency, it will rely on blockchain technology. This universal currency must allow its users to buy products or services from the Facebook universe, which also owns Messenger, Instagram and WhatsApp. It will also be possible to transfer "Libras" between individuals. Several companies like Visa, MasterCard, PayPal and Uber have already joined the consortium created by Facebook. (Photo by Chesnot/Getty Images)
(Reuters) — The U.S. Federal Trade Commission approved a roughly $5 billion settlement with Facebook this week over its investigation into the social media company’s handling of user data, a source familiar with the situation said on Friday. The FTC has been investigating allegations Facebook inappropriately shared information belonging to 87…Read More

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