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Facebook’s $5B U.S. Privacy Settlement

Jul.14 -- Facebook reached a $5B settlement with the U.S. Federal Trade Commission to resolve the Cambridge Analytics data scandal. That’s more than $3B the company set aside in anticipation of a fine and may not prevent the scrutiny of lawmakers and privacy advocates. Bloomberg’s David McLaughlin reports on “Bloomberg Daybreak: Asia.” Read More...

Jul.14 — Facebook reached a $5B settlement with the U.S. Federal Trade Commission to resolve the Cambridge Analytics data scandal. That’s more than $3B the company set aside in anticipation of a fine and may not prevent the scrutiny of lawmakers and privacy advocates. Bloomberg’s David McLaughlin reports on “Bloomberg Daybreak: Asia.”

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