Cicilline Statement on Facebook Settlement

WASHINGTON – House Antitrust Subcommittee Chairman David N. Cicilline (RI-01) issued the following statement on today’s reports that Facebook has settled for $5 billion with the Federal Trade Commission:

“The FTC just gave Facebook a Christmas present five months early. It’s very disappointing that such an enormously powerful company that engaged in such serious misconduct is getting a slap on the wrist. This fine is a fraction of Facebook’s annual revenue. It won’t make them think twice about their responsibility to protect user data.”

“If the FTC won’t protect consumers, Congress surely must.”