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Facebook agrees to $550M slap on the wrist following facial recognition suit

Mimi Sabreena 10:35:00 AM Editor Choice

Facebook's privacy violations are adding up.

The Mark Zuckerberg-helmed behemoth has agreed to a $550 million settlement following a class-action lawsuit alleging the company violated an Illinois privacy law. So reports the New York Times, which notes that Facebook copped to the settlement in today's earnings call; a call that also happened to include the announcement of $21 billion in fourth quarter revenue.

In other words, the $550 settlement is chump change to the same company that successfully brushed a $5 billion FTC settlement off its shoulder. But that doesn't mean today's news of the settlement doesn't matter. Far from it. Read more...

More about Facebook, Facial Recognition, Tech, and Big Tech Companies

✍ Credit given to the original owner of this post : ☕ Mashable

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