Reports: Facebook settles with FTC for record $5 billion
(WorldNews Business)

Facebook has agreed to pay a record $5 billion settlement with the Federal Trade Commission after a yearlong investigation into the company`s privacy practices, according to multiple news reports Friday. The reports by the Wall Street Journal, the Washington Post and the New York Times, based on unnamed sources, say that the FTC this week voted to approve the settlement that was born out of the Cambridge Analytica privacy scandal that came to light last year. If the reported amount is correct, it would be the...