July 24 - 15:07
Facebook to pay $100 million to SEC for misuse of user data
Facebook has agreed to pay $100 million to the SEC for for "making misleading disclosures regarding the risk of misuse of Facebook user data". The body said that for more than two years, Facebook public disclosures presented the risk of misuse of user data as merely hypothetical when Facebook knew that a third-party developer had actually misused Facebook user data.
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