Facebook Will Pay $550 Million to Settle a Facial Recognition Lawsuit
Facebook Will Pay $550 Million to Settle a Facial Recognition Lawsuit Facebook has agreed to pay a whopping $550 million to settle a lawsuit for unfair practices of facial recognition technology. The social media giant wasaccused of storing facial data for ‘Tag Suggestions’ without permissionthereby violating Illinois Biometric Information Privacy Act. The settlement was announced when the tech giant reported financial results for the quarter.“We decided to pursue a settlement as it was in the best interest of our community and our shareholders to move past this matter,”said a Facebook spokesman....