Illustration by James Bareham / The Verge
When the Federal Trade Commission announced today that it had reached an agreement with Facebook over privacy violations, the massive $5 billion fine stuck out. But critics argue that any monetary penalty — even the second-largest ever imposed by the FTC — won’t be enough to change Facebook’s behavior in the future.
That’s why, as part of the settlement, the FTC also imposed new privacy constraints on the social network, which the agency said “overhauls” how Facebook deals with users’ data. In a statement, FTC chairman Joe Simons said the settlement will “change Facebook’s entire privacy culture.” The statement from the Republican majority at the agency describes it as “a privacy regime” with “a new corporate governance structure, with…
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