Danny Palmer reports:
Facebook has dropped an appeal and agreed to pay a £500,000 fine issued to it by the Information Commissioner’s Office after a investigation into the misuse of personal data in political campaigns.
The UK data watchdog issued the fine last year following an investigation that found Facebook has failed to comply with UK data protection laws.
The £500,000 figure was the highest possible monetary penalty that Facebook could be fined – because the year-long investigation was opened before General Data Protection Regulation came into force.
Read more on ZDNet.