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Facebook ‘to be fined $5bn over privacy issues

US regulators have approved a record $5bn fine on Facebook to settle an investigation into data privacy violations.

The Federal Trade Commission (FTC) has been investigating allegations that political consultancy Cambridge Analytica improperly obtained the data of up to 87 million Facebook users.

The investigation focused on whether Facebook had violated a 2011 agreement under which it was required to clearly notify users and gain “express consent” to share their data.

According to a source the settlement was approved by the FTC in a 3-2 vote. though,the FTC and Facebook declined to comment.

 

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