Facebook to give $550 Million as a Settlement in a Lawsuit

Social Media giant Facebook is to pay an amount of $550 million as a settlement in what appears to be another series of lawsuits, and this time, it is a Facial Recognition issue. The lawsuit is not good for the brand perception of Facebook as it puts further questions to the credibility of the privacy laws of the social networking site. "Facebook has agreed to pay a settlement of $550 million related to a claim filed for FB's facial recognition technique," said Facebook this Wednesday. The incident that appeared in Illinois is said to be a great triumph for privacy organizations as it raises the question of privacy laws of the company Facebook which is already among the controversies of data laws. The issue emerged from FB's image labeling technique named 'Tag Suggestions,' which uses facial recognition techniques to suggest the name of users present in the photo. The company that has filed lawsuit accused Facebook of collecting the facial data of the c...