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FTC approves roughly $5 bln Facebook settlement - WSJ


Reuters Washington DC
Updated: 13-07-2019 01:30 IST
FTC approves roughly $5 bln Facebook settlement - WSJ

Representative image Image Credit: ANI

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.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY : United States

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