On July 24, 2019, the Department of Justice (DOJ) and the Federal Trade Commission (FTC) announced a settlement with Facebook, Inc. that requires the social media platform to pay a $5 billion civil penalty and “implement a comprehensive, multi-faceted set of compliance measures designed to improve user privacy and provide additional protections for user information.”
On the same day, the Securities and Exchange Commission (SEC) announced a $100 million settlement with Facebook over allegations that the company made misleading disclosures “regarding the risk of misuse of Facebook user data.”
