Facebook to pay $5 billion fine for privacy violations
WASHINGTON: The US Federal Trade Commission (FTC) approved a settlement involving about $5 billion with Facebook over its probe into the tech giant's privacy violations, a media report said on Friday.
FTC commissioners voted by 3-2 with Republicans in support and Democrats in opposition to the penalty, the Xinhua news agency reported.
The matter has been moved to the US Justice Department for a review, according to the Journal.
It is still unclear what restrictions are on Facebook's handling of user privacy in the settlement. FTC and Facebook declined to comment on the story. But Facebook said in April that it expected to pay up to $5 billion to settle the probe.
FTC initiated the investigation after a scandal involving former British consulting firm Cambridge Analytica, which was accused of illegally accessing data of more than 87 million Facebook users without their prior knowledge. FTC