Tag: FTC
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Facebook shares dip as U.S. regulator announces privacy probe
Facebook Inc shares fell to 6.5 per cent on Monday after United States-consumer-protection-regulator said it was investigating how the social-network allowed data of 50 million users to get into the hands of a political-consultancy. Scrutiny by the U.S. Federal Trade Commission, which generally confirms the existence of an investigation only in cases of significant public…
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U.S. confirms investigation into Facebook over data privacy scandal
The U.S. Federal Trade Commission (FTC) on Monday confirmed that it was investigating Facebook over its privacy practices. The commission is looking into reports that Facebook failed to honour promises to comply with existing privacy protections, including a data privacy deal between the EU and the U.S. agreed in 2016. “The FTC is firmly and…