Facebook and the FTC Reach $5 Billion Settlement Over Privacy

It also imposes new requirements and accountability

Facebook CEO Mark Zuckerberg speaking onstage
The FTC wants to prevent CEO Mark Zuckerberg from having 'unfettered control' over the company’s decisions about user privacy. Justin Sullivan — Getty Images

Facebook and the Federal Trade Commission have reached a settlement in a privacy case that will require the social network to pay a record $5 billion fine while also placing additional restrictions on the company to ensure it secures users’ information.

The Business of Marketing

Don't miss The Business of Marketing, a new series featuring leading c-suite executives sharing insights on the importance of leveraging the intersectionality of marketing, finance, technology, HR and the boardroom to drive business growth. Tune in.

@martyswant martin.swant@adweek.com Marty Swant is a former technology staff writer for Adweek.