FTC approves roughly $5 billion Facebook settlement: WSJ

FTC approves roughly $5 billion Facebook settlement: WSJ

Small toy figures are seen in front of Facebook logo in this illustration picture, April 8, 2019. REUTERS/Dado Ruvic/Illustration

(Reuters) – The United States Federal Trade Commission voted this week to approve a roughly $5 billion settlement with Facebook Inc (FB.O) 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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