FTC to examine every acquisition by Alphabet, Amazon, Apple, Facebook and Microsoft in 2010-2019 over antitrust issues

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9 reasons the Facebook FTC settlement is a joke

The FTC just announced the details of its settlement agreement with Facebook over years of privacy practices in violation of a previous order. To say the settlement is favorable to Facebook, even with the record $5 billion penalty, is an understatement; the company’s lawyers are probably popping champagne right about now. Here’s why. 1. $5 […]

Facebook says it’s under antitrust investigation by the FTC

Facebook’s investors were not fazed by the announcement of a $5 billion FTC fine after baking it into share price expectations, but Facebook’s admission that it was now under investigation by the FTC over antitrust issues was a surprise. Facebook detailed in its Q2 earnings release that it has paid the record fine and agreed […]

Following record FTC fine, Facebook stock pops on Q2 earnings beat

Hours after receiving a record $5 billion FTC fine on privacy violations, Facebook delivered a Q2 earnings beat with revenue of $16.9 billion with $1.99 adjusted EPS compared to the Zacks Consensus Estimate of $1.90 EPS on revenue of $16.45 billion. Facebook reported it has 1.59 billion DAUs and 2.1 billion daily active users of […]

Facebook ends friend data access for Microsoft and Sony, the last 2 of its legacy partners, under FTC deal

One more consequence of the FTC’s investigation of Facebook, which culminated in a record $5 billion settlement announced today: it’s finally tightening another string in its privacy policy by cutting off access to friend data for Microsoft and Sony, the company announced today. It described having allowed them access up to now as “our mistake” […]

Facebook settles with FTC: $5 billion and new privacy guarantees

Following more than a year of speculation since the Federal Trade Commission said it was investigating Facebook over privacy lapses, the regulator has officially announced the terms of its settlement with the beleaguered social network: $5 billion (as previously rumored) and improved privacy oversight within the company. The order-mandated privacy program covers Facebook-owned WhatsApp and […]

Facebook reportedly gets a $5 billion slap on the wrist from the FTC

The U.S. Federal Trade Commission has reportedly agreed to end its latest probe into Facebook‘s privacy problems with a $5 billion payout. According to The Wall Street Journal, the 3-2, party-line vote by FTC commissioners was carried by the Republican majority and will be moved to the Justice Department’s civil division to be finalized. A $5 […]

Friend portability is the must-have Facebook regulation

Choice for consumers compels fair treatment by corporations. When people can easily move to a competitor, it creates a natural market dynamic coercing a business to act right. When we can’t, other regulations just leave us trapped with a pig in a fresh coat of lipstick. That’s why as the FTC considers how many billions […]

Facebook may face a record-setting multi-billion-dollar fine from the FTC

The Washington Post is reporting that Facebook’s row with the FTC could result in fines an order of magnitude larger than any levied against a tech company by the regulatory body before. While the talks appear to be ongoing, The Washington Post spoke with two people familiar with the situation who said the FTC is […]