Report: FTC approves roughly $5B fine for Facebook

 


The FTC has voted to approve a fine of about $5 billion for Facebook over privacy violations, the Wall Street Journal reported Friday. The report cited an unnamed person familiar with the matter.

Facebook and the FTC declined to comment. The Journal said the 3-2 vote broke along party lines, with Republicans in support and Democrats in opposition to the settlement.

In most cases the Justice Department's civil division will review settlements by the FTC, and it is unclear how long the process would take. A Justice Department spokeswoman declined to comment on the Facebook matter.

The fine wo...



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