July 12, 2019 / 8:00 PM / 3 months ago

FTC approves roughly $5 bln Facebook settlement - WSJ

July 12 (Reuters) - 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. (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. (Reporting by Shanti S Nair in Bengaluru; Editing by Shounak Dasgupta)

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