The FTC is expected to announce a $5 billion Facebook settlement as soon as this week. The deal would settle user-privacy claims against the tech giant and lead to the creation of an internal oversight board.
The Federal Trade Commission is expected to announce as soon as this week a settlement with Facebook Inc. over the company’s privacy practices, according to people familiar with the matter.
The settlement, which includes a roughly $5 billion fine and other requirements of Facebook, would conclude a lengthy probe into whether the firm kept its promises around protecting user data.
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