Platforms

Federal Trade Commission Chairman Joe Simons defended the FTC's $5 billion settlement with Facebook, saying that it was the best deal it could get with limited authority, and calling on Congress to pass comprehensive privacy legislation. Chairman Simons said he was faced with two choices, get an "excellent" settlement, as he suggested this was, or face years of litigation that would likely achieve "far less" relief than the FTC got, which he took pains to outline.

The Federal Trade Commission’s record-breaking settlement with Facebook will slap the company with a $5 billion fine and grant regulators exceptional oversight of the company’s business practices. But the FTC’s two Democratic commissioners, Rohit Chopra and Rebecca Kelly Slaughter, voted against the order and issued a warning that the fine was too small and the remedies should have gone farther. While the settlement winds down the FTC’s sweeping sixteen-month probe, it’s likely to trigger greater examination of whether the country’s top privacy cop is able to hold tech giants accountable.

Facebook will pay a record-breaking $5 billion penalty, and submit to new restrictions and a modified corporate structure that will hold the company accountable for the decisions it makes about its users’ privacy, to settle Federal Trade Commission charges that the company violated a 2012 FTC order by deceiving users about their ability to control the privacy of their personal information.

The Federal Trade Commission filed an administrative complaint against data analytics company Cambridge Analytica, and filed settlements for public comment with Cambridge Analytica’s former chief executive and an app developer who worked with the company, alleging they employed deceptive tactics to harvest personal information from tens of millions of Facebook users for voter profiling and targeting.

The Department of Justice’s Antitrust Division is reviewing whether and how market-leading online platforms have achieved market power and are engaging in practices that have reduced competition, stifled innovation, or otherwise harmed consumers. The Department’s review will consider the widespread concerns that consumers, businesses, and entrepreneurs have expressed about search, social media, and some retail services online.

Apparently, the Federal Trade Commission plans to allege that Facebook misled users’ about its handling of their phone numbers as part of a wide-ranging complaint that accompanies a settlement ending the government’s privacy probe. In the complaint, which has not yet been released, federal regulators take issue with Facebook’s earlier implementation of a security feature called two-factor authentication. It allows users to request one-time password, sent by text message, each time they log onto the social-networking site.

Back in Nov 2018, as the web was turning 30, it's creator, Tim Berners-Lee, announced that he wanted people to help him put together a "contract for the web" that would help strengthen and protect it for generations to come.

Apple’s mobile apps routinely appear first in search results ahead of competitors in its App Store, a powerful advantage that skirts some of the company’s rules on such rankings. The company’s apps ranked first in more than 60% of basic searches, such as for “maps,” the analysis showed. Apple apps that generate revenue through subscriptions or sales, like Music or Books, showed up first in 95% of searches related to those apps. This dominance gives the company an upper hand in a marketplace that generates $50 billion in annual spending.

Facebook and Amazon both set quarterly records for federal lobbying over the last three months, leading a pack of large tech companies that are increasingly under siege in Washington. Each company spent a little more than $4 million on lobbying in the second quarter, the first time either firm has spent that much on their influence operations in the capital. Google, which has also seen its fortunes change in Washington, spent just $2.9 million in the second quarter — the least it’s spent on lobbying since 2011.

The package of penalties for Facebook’s past privacy scandals includes a record-breaking $5 billion fine and unprecedented government oversight of its business practices. But a review of the 16-month investigation — described by 10 people familiar with the matter — shows that the Federal Trade Commission stopped short of some even tougher punishments it initially had in mind. Those included fining Facebook not just $5 billion, but tens of billions of dollars, and imposing more direct liability for the company’s chief executive, Mark Zuckerberg.