Under its deal with the FTC, Facebook's CEO wasn't held accountable or even interviewed. And the company can keep on collecting user data.
The agreement Facebook struck with the Federal Trade Commission this week to end the agency's investigation into its alleged privacy violations was a good deal for the company. Facebook can easily afford the $5 billion penalty, and the FTC could have legitimately assessed it a much higher fine. The supposed restrictions in the agreement on its business are fairly meaningless — they generally don't limit its ability to collect personal data from consumers.
The agreement Facebook struck with the Federal Trade Commission this week to end the agency's investigation into its alleged privacy violations was a good deal for the company. Facebook can easily afford the $5 billion penalty, and the FTC could have legitimately assessed it a much higher fine. The supposed restrictions in the agreement on its business are fairly meaningless — they generally don't limit its ability to collect personal data from consumers.
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