FTC Approves Settlement With Former Cambridge Analytica CEO

Dec. 18, 2019, 4:25 PM

The FTC said in a statement that it granted final approval to a settlement with the former CEO of Cambridge Analytica and an app developer who worked with the company to resolve allegations they used deceptive tactics to collect information from millions of Facebook users.

  • Former CEO Alexander Nix and app developer Aleksandr Kogan are prohibited from making false or deceptive statements regarding the extent to which they collect, use, share or sell personal information
  • They are required to delete or destroy any personal information collected from consumers via GSRApp
  • NOTE: July 24, Facebook to Pay $5 Billion to Settle FTC Privacy Claims

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Nathan Crooks in Miami at ncrooks@bloomberg.net

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Nathan Crooks at ncrooks@bloomberg.net

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