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FTC approves roughly $5 billion Facebook settlement – WSJ

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(Reuters) – The United States Federal Trade Commission voted this week to approve a roughly $5 billion settlement with Facebook Inc over a long-running investigation into the company’s privacy missteps, the Wall Street Journal reported on Friday.

The 3-2 vote by FTC commissioners broke along party lines, with the Republican majority lining up to support the pact while Democratic commissioners objected, according to the WSJ report, citing a person familiar with the matter. (https://on.wsj.com/2NQm16F)

A settlement is expected to include other government restrictions on how Facebook treats user privacy, WSJ reported.

FTC and Facebook declined Reuters requests for comment.

(Reporting by Shanti S Nair in Bengaluru; Editing by Shounak Dasgupta)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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