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Senators criticize FTC’s reported Facebook settlement

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FILE PHOTO: Stickers bearing the Facebook logo are pictured at Facebook Inc’s F8 developers conference in San Jose, California, U.S., April 30, 2019. REUTERS/Stephen Lam/File Photo

WASHINGTON (Reuters) – Three U.S. senators who have been frequent critics of U.S. tech giants wrote a letter to the Federal Trade Commission on Tuesday to criticize its reported settlement with Facebook Inc.

U.S. Senators Edward Markey, Richard Blumenthal, who are Democrats, and Josh Hawley, a Republican, told the agency that a $5 billion settlement, which was reported on Friday, “is woefully inadequate.”

Reporting by Diane Bartz; Editing by Susan Thomas

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via Reuters