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Tag Archives: FTC

FTC fine does not spell closure for Facebook

Facebook may be close to becoming a Federal Trade Commission investigation behind it. While the $ 5 billion fine from the FTC, which has been expecting, is by far the largest of the agency has levied on a technology company, the real worries for Facebook – and its investors. "These are the signals that ratchet up the pressure," said Dimitri …

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Wall Street's approves of Facebook's $ 5 billion FTC fine

The US government wants to levy a staggering $ 5 billion fine against Facebook for violating its users' privacy, stemming from the Cambridge Analytica scandal. Facebook investors are celebrating. Wall Street pushed the value of Facebook shares up slightly, to nearly $ 205, following the news of the upcoming Federal Trade Commission, surfing this afternoon, via the Wall Street Journal. …

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Facebook's FTC fine is $ 5 billion – or a month of revenue

Getty Images | Ted Soqui The Federal Trade Commission and Facebook have reportedly agreed to pay a $ 5 billion fine to settle the FTC's social networking data protection investigation. After Facebook reported $ 15 billion in sales in the last quarter, it would have been $ 5 billion in revenue for a month. The FTC voted 3: 2 this …

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FTC approves $ 5 billion Facebook comparison

The Federal Trade Commission agreed this week to reach an agreement of around $ 5 billion Facebook Inc. According to figures familiar with the matter, the FTC Commissioners' 3-2 vote was nonpartisan, and the Republican majority stood up to support the pact, while the Democrat commissioners objected, people said. The matter had been transferred to the Civil Division of the …

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FTC fined Facebook $ 5 billion for data breaches: WSJ

Mark Zuckerberg, co-founder, Facebook Chairman and CEO, testified before the House Energy and Commerce Committee at Capitol Hill's Rayburn House office building on April 11, 2018 in Washington, DC. Yasin Ozturk | Anadolu Agency | Getty Images The Federal Trade Commission approved a deal with Facebook worth approximately $ 5 billion over the company's Cambridge Analytica 2018 scandal, a person …

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Qualcomm uses internal Apple documents as evidence for its FTC antitrust campaign

Already in May, the FTC won its antitrust lawsuit against Qualcomm, but Qualcomm filed a surprise appeal against the verdict. The FTC today rejected Qualcomm's attempt to introduce internal Apple documents to challenge this antitrust decision. Sylvania HomeKit Light Strip As reported by Reuters Qualcomm filed internal documents on Tuesday to Apple documents to US District Judge Lucy Koh. These …

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FTC calls Qualcomm for decision in a blockbuster antitrust case

Photo: Getty Images While Qualcomm had a great deal of success in settling its global feud with Apple, it was not so good against the Federal Trade Commission. Late Tuesday, Judge Lucy H. Koh ruled that Qualcomm violated antitrust laws, levied high royalties on its patents and subjected Qualcomm to surveillance for seven years to ensure fair competition. This is …

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Apple and Google Play remove three dating apps after FTC warning of underage users – TechCrunch

The Federal Trade Commission announced today that Google and Apple have removed three dating apps from their app stores because they might be used by sexual predators to find children. In a parent consultant, the FTC lawyer Lisa Weintraub Schifferle wrote that FastMeet, Meet24 and Meet4U, all manufactured by the Ukrainian company Wildec, had apparently violated the Online Child Protection …

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FTC has difficulty reaching consensus on how much Facebook to improve

Last month, we told you that Facebook charged $ 3 billion of its first-quarter earnings. The company made this accounting position in anticipation of a $ 3 to $ 5 billion fine from the FTC in connection with the Cambridge Analytica scandal. It has been reported that 87 million Facebook users have their personal profiles sold by a third party …

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Facebook Set to Create Privacy Positions as Part of F.T.C. Settlement

WASHINGTON – The Federal Trade Commission is prepared to deal with the breach of privacy practices. Facebook has agreed to create a privacy committee to protect its users' data, as well as to an external assessor who would be able to speak. The social network also wants to appoint a head compliance officer, Mark Zuckerberg, to oversee privacy efforts, one …

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