Facebook to Pay Symbolic Fine in Cambridge Analytica Settlement
- Company agrees to pay $644,000 fine to end U.K. privacy case
- Facebook drops appeal of fine without admission of guilt
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Facebook Inc. agreed to pay a fine of 500,000 pounds ($644,000) to end a U.K. privacy probe in the wake of the Cambridge Analytica scandal.
The social network giant has withdrawn its appeal of the fine levied last year, settling the case without any admission of guilt, the U.K. Information Commissioner’s Office said in a statement on Wednesday.