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July 15 - 10:07
41D
Reports: Facebook to be fined $5 billion over Cambridge Analytica revelations
Facebook is reportedly set to be fined $5 billion by the Federal Trade Commission, according to reports. The payment will settle the body's investigations into the Cambridge Analytica revelations. Both the Wall Street Journal and the Washington Post reported that settlement was approved by a 3-2 vote that broke along party lines. The fine will still have to be signed off by the justice department.
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