Court approves Facebook’s $5 Billion Privacy Settlement

A judge approved Facebook Inc.’s $5 billion settlement with the Federal Trade Commission over privacy violations, the agency says—overruling objections that the deal didn’t adequately punish the company.

Judge Timothy Kelly of the U.S. District Court for the District of Columbia greenlighted the deal reached last summer, which included the $5 billion fine, restrictions on some aspects of Facebook’s business decisions, and ongoing oversight of the social media giant.

Source: Facebook’s $5 Billion Privacy Settlement Wins Court Approval – WSJ