Judge gives final approval to Facebook’s $5 billion settlement with FTC

A federal judge has given final approval to Facebook’s $5 billion settlement with the Federal Trade Commission (FTC) over the Cambridge Analytica scandal. According to CNET, as part of the settlement, Facebook agreed to create an independent privacy committee which will be required to certify the company’s behavior and build more privacy protections into its platforms. In a blogpost, Facebook stated that this ‘agreement has already brought fundamental changes to our company and advances in how we protect people’s privacy beyond anything we’ve done before’.