TECH CRUNCH - July 24 - The Federal Trade Commission was investigating Facebook over privacy lapses. The regulator has officially announced the terms of its settlement with Facebook: $5B (as previously rumored) and improved privacy oversight within the company. In addition to the money, Facebook will have to create a board committee on privacy, and must provide executive assurance that user data is being respected.
by Devin Coldewey & Natasha Lomas
See full article at Tech Crunch
