FTC votes to fine Facebook $5 billion

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Associated Press reporting:
https://www.apnews.com/7fa2c8a26b34436d89a1c7aff9914f70

The FTC has voted to approve a fine of about $5 billion for Facebook over privacy violations, the Wall Street Journal reported Friday.

The fine would be the largest the FTC has levied on a tech company. But it won’t make much of a dent for Facebook, which had nearly $56 billion in revenue last year. Facebook has earmarked $3 billion for a potential fine and said in April it was anticipating having to pay up to $5 billion.

**Art By: Olivier Ploux

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