The FTC found that Cambridge Analytica used an app in Facebook called GSRApp to target Facebook users for several years.
With the GSRApp, Cambridge Analytica harvested Facebook user profile data from 5065 million friends of the original 250,000270,000 users.
The original app falsely suggested that the GSRApp did not collect any personally identifiable information from Facebook users who interacted with it, such as their Facebook User ID.
At one point, per the FTC findings, the creators of the GSRApp found that a significant number of Facebook users were not granting the GSRApp access to their Facebook profile data, so they included the following text:
The FTCs final order also prohibits Cambridge Analytica from making misrepresentations about the extent to which it protects the privacy and confidentiality of personal information, as well as its participation in the EU-U.S.
The FTC told Cambridge Analytica that they had to delete the info they collected, and that they were not allowed to break the laws that theyd already broken ever again!
Thats the fine that the FTC congratulated themselves on because it was so big, yet the amount was actually so small that Facebooks stock price shot UPWARD when the fine was made public.
Original article