Report: FTC Approves Roughly $5B Fine for Facebook

The FTC report has been moved to the Justice Department for review, per the report. It is not clear how long it will take to finalize.

  • Published 12 July 2019

SAN FRANCISCO (AP) — The FTC has voted to approve a fine of about $5 billion for Facebook over privacy violations, the Wall Street Journal reported. The report cited an unnamed person familiar with the matter. Facebook declined to comment; the FTC did not immediately respond to messages for comment. The Journal said the 3-2 vote broke along party lines, with Republicans in support and Democrats in opposition to the fine. The FTC report has… Read at AP News