By John Eggerton, Broadcasting & Cable Online, 7-24-19

The Federal Trade Commission has confirmed its $5 billion fine against Facebook stemming from the Cambridge Analytica debacle and, at the same time, filed suit against Cambridge Analytica and settled with a former top executive of the company and an app developer.

The commission concluded that Facebook had “repeatedly used deceptive disclosures and settings to undermine users’ privacy preferences in violation of its 2012 FTC order” and “took inadequate steps to deal with apps that it knew were violating its platform policies.”

The FTC billed the Facebook settlement as containing “sweeping new privacy restrictions” on the company and a “modified corporate structure.” » Read More