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The Federal Trade Commission announced a billion settlement with Facebook on Wednesday, resolving a sweeping investigation by regulators into how the company lost control over massive troves of personal data and mishandled its communications with users. It is the largest fine in FTC history — and yet still only about a month's worth of revenue for Facebook.The deal comes amid growing calls in Washington for greater transparency and accountability for technology companies, whose power over social movements as well as personal information has increasingly come to be seen as dangerous by politicians, users, and even one of Facebook's co-founders.Facebook agreed to the deal following years of damaging admissions about the company's privacy practices, such as the inadvertent exposure of up to 87 million users' information to the political analysis firm Cambridge Analytica.The settlement resolves a formal complaint by the FTC alleging that Facebook "used deceptive disclosures and settings" that eroded user privacy, violating a prior agreement Facebook signed with the commission in 2012. Facebook also broke the law, the FTC alleged, by misusing phone numbers obtained for account security purposes to also target advertisements to its users. And the company allegedly deceived "tens of millions of users" by implying that a facial recognition feature on the service had not been enabled by default, when in fact it had."The magnitude of the billion penalty and sweeping conduct relief are unprecedented in the history of the FTC," said Chairman Joseph Simons in a statement. "The relief is designed not only to punish future violations but, more importantly, to change Facebook's entire privacy culture to decrease the likelihood of continued violations."Facebook did not immediately respond to a request for comment.The FTC settlement — which also covers Facebook subsidiaries Instagram and WhatsApp — could set the tone for a wave of further action by policymakers worldwide as they seek to rein in the most powerful players in Silicon Valley.The billion fine is nearly 30 times the FTC's largest-ever civil penalty to date — 8 million, which was levied on Dish Network in 2017 — reflecting the tremendous scale of Facebook's operations, as well as the enormity of its self-admitted mistakes.In addition to the record civil penalty, Facebook also agreed to accept greater oversight of its privacy practices. Under the FTC deal, Facebook's board will form a privacy oversight committee made up of independent members who cannot be fired by CEO Mark Zuckerberg alone. That committee will be charged with appointing still other officials who must periodically and truthfully certify that Facebook is complying with the FTC agreement, or risk being held personally liable. Zuckerberg will also be required to make those same certifications, the FTC said."False certifications would subject Mr. Zuckerberg and the [designated compliance officers] to personal liability, including civil and criminal penalties," Simons said in a statement written jointly with the Commission's two other Republican members, Christine Wilson and Noah Phillips.The FTC also required that regular third-party assessments of Facebook's privacy practices not rely on company materials but instead on the auditor's own fact-finding.The FTC voted 3-2 to approve the settlement, with the agency's two Democrats dissenting because they believed the measure did not go far enough. In dissents, Commissioners Rohit Chopra and Rebecca Slaughter said they believed the fines were far too small, and that the FTC wrongfully gave Zuckerberg and Facebook COO Sheryl Sandberg a pass."Failing to hold them accountable only encourages other officers to be similarly neglectful in discharging their legal obligations," wrote Chopra. "In my view, it is appropriate to charge officers and directors personally when there is reason to believe that they have meaningfully participated in unlawful conduct, or negligently turned a blind eye toward their subordinates doing the same."Other prominent tech critics, including Democratic Sen. Richard Blumenthal of Connecticut and Missouri Republican Sen. Josh Hawley, have said a billion fine would be "a bargain" for Facebook. In an earnings report earlier this year, Facebook said it was setting aside billion to help cover expenses related to the expected penalty. It reported quarterly revenues of billion at the time and its stock rose after it announced the charge, signaling investors were relieved by the probable outcome.For more than a year, Facebook — once the darling of policymakers and a celebrated example of American ingenuity — has lurched from crisis to crisis.This past October, for example, Facebook disclosed that hackers had compromised tens of millions of accounts by exploiting a series of software flaws, culminating in their ability to impersonate users and take over their profiles.The following month, Facebook 4985

The new year brings a new Publishers Clearing House sweepstakes, as Steve Harvey and the Prize Patrol gear up for another year of big prizes, including ,000 a year for life.Unfortunately, scammers are also gearing up to impersonate them, as one family learned. They sure could use that ,000 now to make up for the money they just lost to a scam.Official PCH letter arrives in mailLarenda Jackson and her mom, Annie Williams, have always dreamed of the Prize Patrol coming to their home. So when a letter arrived with an official seal and the signature of PCH's Dave Sayer, the older woman thought her ship had come in."He said I won," Williams said. "I won million."The letter explained she would receive million in the next few weeks, and that they were sending a check along with the letter to cover her insurance and attorney fees.So Williams followed the instructions, depositing the ,000 check in her PNC bank account, then sending ,000 of it to the "attorneys" once the deposit cleared."Mom was leery about it," daughter Larenda Jackson said. "But when they said the cash was available, the check cleared, she figured if she sent anything it was the check they sent her."She claims the bank told her the check had cleared. "Yes, I'm displeased with the bank because they said the funds were available," Jackson said.But a few days later, the women got some bad news from PNC Bank. "They said the ,000 check was insufficient, and that you have overdraft fees," Jackson said. In addition, she says the bank was asking her mother to return ,000 to them before they would allow her further access to her account — money she no longer had.It was all a scam.Warning signs of a PCH scam 1716

The House on Tuesday rebuked President Donald Trump over one of his signature issues, passing a resolution to overturn his emergency declaration to unlock money for wall construction at the US southern border.The vote was 245-182. Thirteen Republicans voted with Democrats to pass the measure.The resolution will next be taken up by the Senate, where it will put Republican unity to the test, though Senate leaders have signaled they will not bring it to a vote immediately.It is not yet clear how many Republicans will vote for the resolution in the Senate, but it looks likely to pass the upper chamber, despite the fact that Republicans hold a majority. That would be yet another blow to the President, who has said he will veto the resolution if it comes to his desk.A test of Republican unity in the SenateIf four Republicans join all the Democrats in the Senate to pass the resolution, the measure would then face a presidential veto. The White House formally issued a veto threat on Tuesday afternoon.Congress would then need an overwhelming majority -- two-thirds of its members -- in both chambers to overrule the President. It is unlikely that there would be enough support on Capitol Hill to overturn a veto.So far, there are three Republicans who have signaled they will vote in favor of the resolution. And Senate GOP aides fully expect the resolution to pass when it is brought to the floor.GOP Sen. Thom Tillis of North Carolina, who is 1464

The Massachusetts Institute of Technology is reviewing about 0,000 it received from foundations controlled by accused sex trafficker Jeffrey Epstein, MIT's president said.The school also will donate that amount to a charity benefiting Epstein's victims or other sexual abuse victims, President L. Rafael Reif said in an email.The review will focus on the facts around the donations, made over 20 years, and how the school handles contributions and can improve that process, Reif said.Epstein was awaiting trial on charges of sex trafficking involving underage girls when he killed himself by hanging in a New York jail cell this month."I offer a profound and humble apology" to the victims on behalf of the administration, Reif said. "With hindsight, we recognize with shame and distress that we allowed MIT to contribute to the elevation of his reputation, which in turn served to distract from his horrifying acts. No apology can undo that."The donations went to the MIT Media Lab or Seth Lloyd, a professor of mechanical engineering, according to Reif's email. 1078

Terry Jones, a member of the Monty Python comedy troupe, has died at 77. Jones's agent says he died Tuesday evening. In a statement, his family said he died “after a long, extremely brave but always good humored battle with a rare form of dementia, FTD.” With Eric Idle, John Cleese, Michael Palin, Graham Chapman and Terry Gilliam, Jones formed Monty Python's Flying Circus, whose anarchic humor helped revolutionize British comedy. 445