The settlement also requires Facebook to submit to new restrictions and a modified corporate structure.

The settlement imposes no meaningful changes to the companys structure or financial incentives, which led to these violations.

Nor does it include any restrictions on the companys mass surveillance or advertising tactics.

Facebook to pay record $5 billion fine over privacy violations

Zuckerberg or others filing a false certification would be subject civil and criminal penalties, the FTC said.

We have a responsibility to protect peoples privacy.

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source: www.techworm.net