Author: Nick Statt
Illustration by Alex Castro / The Verge
The Federal Trade Commission is facing a lawsuit filed by privacy group Electronic Privacy Information Center, known as EPIC, designed to block the automatic approval of the landmark Facebook privacy settlement. Facebook settled with the FTC earlier this week, walking away with a $5 billion fine, some added privacy checks, and a stock price bump. The consensus: the FTC gave the company a slap on the wrist, and Facebook’s latest earnings report showed the social network earning three times as much in revenue as the FTC fine in just three months.
Now, EPIC wants to challenge the fairness of the FTC’s settlement terms and potentially force the agency to alter the terms of the deal to better address complaints filed by individuals and...
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The Federal Trade Commission is facing a lawsuit filed by privacy group Electronic Privacy Information Center, known as EPIC, designed to block the automatic approval of the landmark Facebook privacy settlement. Facebook settled with the FTC earlier this week, walking away with a $5 billion fine, some added privacy checks, and a stock price bump. The consensus: the FTC gave the company a slap on the wrist, and Facebook’s latest earnings report showed the social network earning three times as much in revenue as the FTC fine in just three months.
Now, EPIC wants to challenge the fairness of the FTC’s settlement terms and potentially force the agency to alter the terms of the deal to better address complaints filed by individuals and...
Continue reading…
Continue reading...