Laws Regulations and Obligations of Facebook Case Study - Law Assignment Help

Assignment Task

Context Facebook, Inc. is an American social media conglomerate corporation based in Menlo Park, California. It was founded by Mark Zuckerberg. Facebook offers other products and services beyond its social networking platform, including Facebook Messenger, Facebook Watch, and Facebook Portal. It also has acquired Instagram, WhatsApp and etc. On July 24 2019, Facebook, Inc. paid a record-breaking $5 billion penalty, and submitted to new restrictions and a modified corporate structure that hold the company accountable for the decisions it makes about its users' privacy, to settle Federal Trade Commission charges that the company violated a 2012 FTC order by deceiving users about their ability to control the privacy of their personal information. The $5 billion penalty against Facebook is the largest ever imposed on any company for violating consumers' privacy and almost 20 times greater than the largest privacy or data security penalty ever imposed worldwide. It is also the largest penalty ever assessed by the U.S. government for any violation.

Tasks

Your are required to read the UNITED STATES DISTRICT COURT document regarding the settlement of the case between FTC and Facebook and do your own research and study to answer the following questions:

• What laws or regulations apply in this instance?
• What are the obligations of Facebook under those laws regulations other related policies and procedures?
• Why are those obligations important?
• If breached, what is the consequence?
• What does Facebook need to do to demonstrate the compliance
• improve its practice?
• What has Facebook done 
• planned to do to demonstrate the compliance improve its practice.
• If you are the CEO of a start-up social media company in Australia, what are the laws
• regulations that you need to consider and how do you plan to maintain the compliance to those requirements?

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