The Facebook Data Privacy Settlement. Facebook reached a $5 billion settlement with the FTC over FTC claims that it violated privacy laws by illegally selling customer data. Facebook and other tech companies have come under increasing scrutiny, with calls for more regulation and even suggestions that companies be broken up into smaller components to diminish their power. Facebooks data privacy practices have played a large role in this respect. Many have called into question whether the FTC settlement with Facebook went far enough. In this assignment, you will examine the statement and the question as to whether the settlement was sound.