WASHINGTON, United States - US regulators have approved a $5-billion penalty to be levied on Facebook to settle a probe into the social network's privacy and data protection lapses, the Wall Street Jo
WASHINGTON, United States - US regulators have approved a $5-billion penalty to be levied on Facebook to settle a probe into the social network's privacy and data protection lapses, the Wall Street Journal reported Friday.
According to the report, the deal, which would be the largest penalty imposed over privacy violations, still needs approval from the justice department before it is finalized.The settlement would be in line with Facebook's estimate earlier this year when it said it expected to pay $3 billion to $5 billion for legal settlements on "user data practices."
Facebook has also faced questions about whether it improperly shared user data with business partners in violation of the earlier settlement. Some Facebook critics have argued the company should face tougher sanctions including monitoring of its data practices, or that chief executive Mark Zuckerberg should be personally liable for penalties.
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