October 30 - 15:10
13D
Facebook agrees to pay Cambridge Analytica fine
Facebook has dropped its appeal against a £500,000 fine for its role in the Cambridge Analytica scandal. The UK's Information Commissioner’s Office announced the fine in June last year, but Facebook said it would be taking up its option to make an appeal. But now Facebook has agreed to pay the fine, although under the terms of the settlement, it will not have to admit to any wrongdoing.
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