Facebook’s Lax Data Policies Led To Cambridge Analytica Crisis:

The Wall Street Journal | By: Kirsten Grind | March 20, 2018:

Social-media giant’s loose policing of app developers went on for years.

Facebook Inc.’s loose approach to policing how app creators and others deployed its user data persisted for years, including after a 2015 effort by the social network to restrict access, according to court documents and people familiar with Facebook. The social-media giant is now dealing with the fallout.

The Federal Trade Commission is investigating whether Facebook violated terms of a 2011 settlement when data of up to 50 million users was transferred to an analytics firm tied to President Donald Trump’s campaign, a person familiar with the matter said on Tuesday.

If the FTC finds that Facebook violated the settlement terms, the company could face millions of dollars in fines.

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