Facebook Will Reportedly Be Fined A Record $5 Billion Over Privacy Mishaps | CNET

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The FTC has been looking into whether Facebook violated a legal agreement it had with the US government to keep its users’ data private.
Angela Lang/CNET

The Federal Trade Commission is expected to hit Facebook with a record-setting $5 billion fine for its alleged privacy mishaps, according to The Wall Street Journal, which reported that commissioners voted this week to approve the settlement with the social network.

The Republican majority favored the settlement, according to the report, which cited people familiar with the matter. The commission voted 3-2 to settle, the Journal reported.

Read full story here: Facebook Will Reportedly Be Fined A Record $5 Billion Over Privacy Mishaps | CNET

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