The Federal Trade Commission confirmed today it has opened a "non-public investigation" into Facebook's privacy practices.
The investigation follows last week's reports that the data of over 50 million Facebook users was exploited by Cambridge Analytica, a political analysis firm with ties to Donald Trump's presidential campaign. Read the FTC's full statement on its investigation below (via CNBC):
"The FTC is firmly and fully committed to using all of its tools to protect the privacy of consumers. Foremost among these tools is enforcement action against companies that fail to honor their privacy promises, including to comply with Privacy Shield, or that engage in unfair acts that cause substantial injury to consumers in violation of the FTC Act. Companies who have settled previous FTC actions must also comply with FTC order provisions imposing privacy and data security requirements. Accordingly, the FTC takes very seriously recent press reports raising substantial concerns about the privacy practices of Facebook. Today, the FTC is confirming that it has an open non-public investigation into these practices."
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