- The US Federal Trade Commission (FTC) fined Facebook $5 billion to resolve a government probe into its privacy practices and the social media giant will restructure its approach to privacy.
- The Chairman Of FTC said that "Despite repeated promises to its billions of users worldwide that they could control how personal information is shared Facebook undermined consumers' choices,".
About Federal Trade Commission (FTC)
The FTC is an independent agency of the US Govt, established in 26th September 1914 by the Federal Trade Commission Act.
i) Mission:- Its principal mission is the promotion of consumer protection and the elimination and prevention of anticompetitive business practices, such as coercive monopoly.
ii) Chairman - Joseph Simons.
iii) Number Of Employees - 1,131
iv) HQ - Washington, D.C.
Published On : 24 Jul 2019
Current Affair
