Dieter Bohn The Facebook fine day

The Federal Trade Commission formally announced its $5 billion settlement with Facebook today that'll not only require the company to pay the settlement, but also to conduct a privacy review of every new product or service it develops. Those reviews must be submitted to the CEO and a third-party assessor every quarter.

We'll be analyzing the settlement over the next days, so stay tuned for more pieces, but for now, read our initial stories.

-Ashley

+ FTC hits Facebook with $5 billion fine and new privacy checks

+ Facebook will have to monitor its own privacy rules — and that’s likely not enough

+ Facebook’s $5 billion FTC fine is an embarrassing joke

+ Tinder will warn users when they travel to countries where LGBTQ relationships are punishable by law

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+ Google Photos passes the 1 billion users mark

+ DoorDash promises to change controversial tipping policy after public outcry

+ Snap adds 13 million daily active users as it gets serious about global expansion

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