The company might soon have a bigger adversary: The Federal Trade Commission (FTC), which could put Facebook on the hook for more money than even its redoubtable coffers could supply.
Facebook came to a settlement with the FTC in 2011 over a claim that the former had “deceived consumers by telling them they could keep their information on Facebook private, and then repeatedly allowing it to be shared and made public.” Under the terms of the settlement, Facebook was obligated to follow certain guidelines to protect consumer information.
https://thenextweb.com/facebook/2018/04/10/facebook-theoretically-owe-ftc-7-1-trillion-recent-data-scandals
Facebook came to a settlement with the FTC in 2011 over a claim that the former had “deceived consumers by telling them they could keep their information on Facebook private, and then repeatedly allowing it to be shared and made public.” Under the terms of the settlement, Facebook was obligated to follow certain guidelines to protect consumer information.
https://thenextweb.com/facebook/2018/04/10/facebook-theoretically-owe-ftc-7-1-trillion-recent-data-scandals