FTC’s $5 Billion Fine Alone Won’t Get Facebook Out of Crosshairs

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FTC’s $5 Billion Fine Alone Won’t Get Facebook Out of Crosshairs
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A $5 billion fine Facebook has agreed to pay to settle a probe into its privacy missteps is unlikely to end the company’s scrutiny on Capitol Hill

Facebook Inc. is moving closer to settling a privacy probe by its main U.S. regulator, but the large fine it has prepared to pay is unlikely to get the social-media giant out of the political hot seat in Washington.

The Federal Trade Commission has voted to fine the company roughly $5 billion for violations of its previous promises to protect users’ privacy, The Wall Street Journal reported Friday, citing people familiar with the matter. The FTC vote on the deal was split 3-2 along party lines at the Republican-controlled...

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