Facebook to create privacy panel, pay $7bn to US

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Facebook to create privacy panel, pay $7bn to US

Settles allegations around use of 2FA and handling of phone numbers.

The US Federal Trade Commission is set to announce on Wednesday that Facebook has agreed to a sweeping settlement of significant allegations it mishandled user privacy and pay US$5 billion ($7.14 billion), two people briefed on the matter said. As part of the settlement, Facebook will agree to ...

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