The FTC voted 3-2 to approve the settlement, with three Republican members voting in favor and the two Democratic members voting against it. The fine is the largest one ever levied by the FTC against a tech company and close to Facebooks recent $5.5 billion profit for the first quarter of this year. Facebook’s stock rose on Friday by 1.8 percent to $204.87, according to the Washington Post and the Wall Street Journal. The U.S. Justice Department must approve any final settlement.”]
Source: https://www.cuinfosecurity.com/ftc-reportedly-approves-5-billion-facebook-fine-a-12777