FTC/Facebook Privacy Settlement Has Major Flaws
This week the Federal Trade Commission and Facebook came to an agreement, which some favors Facebook.
Business Insider explains that the deal ended the FTC's investigation into Facebook's alleged privacy breaches.
Although Facebook was slapped with a $5 billion dollar fine, Business Insider says that the FTC's new oversight parameters has big flaws.
It reportedly does not limit CEO, Mark Zuckerberg's power very much, or hold him accountable for his company's actions.
The agreement also does "almost nothing" to stop the data collection and sharing, or the use of it for targeted advertising.
This concern was at the heart of the company's alleged privacy violations.
FTC Commissioner Rohit Chopra, said it "Lets Facebook off the hook...The fine print in this settlement...gives Facebook a lot to celebrate."