Facebook to settle FTC probe for $5 billion, pending Justice Department approval

Facebook and the US Federal Trade Commission have agreed to a $5 billion settlement in the investigation over the social network's questionable practices in handling user data. The settlement now needs to be approved by the Justice Department, which is seen as just a procedural step with little possibility for a change in the outcome. The probe was started in early 2018 after it was revealed that user data Facebook shared with analytics company Cambridge Analytica was used to influence the 2016 presidential campaign. Subsequently, other controversial practices came to light, like...

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