Federal court approves Facebook settlement with FTC over Cambridge Analytica

From CNET: Now, it's Facebook official. The social network said a federal court on Thursday officially approved a settlement Facebook reached with the US Federal Trade Commission last July following a lengthy investigation into the company's privacy mishaps.

"This agreement has already brought fundamental changes to our company and advances in how we protect people's privacy beyond anything we've done before," wrote Michel Protti, Facebook's chief privacy officer for product, in a blog post. "Most of all, it brings a new level of accountability and ensures that privacy is everyone's responsibility at Facebook."

The settlement was reached last year after the the FTC looked into whether Facebook should have done more to prevent Cambridge Analytica, a now-defunct consultancy that worked on President Donald Trump's campaign, from siphoning off the data of up to 87 million users. The agency was concerned that Facebook's failure to safeguard that data violated an earlier agreement the social network made to protect user privacy.

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