$5bn fine set for Facebook on privacy probe: report

US regulators have approved a penalty of $5 billion to be levied on Facebook against Facebook’s social network’s privacy and data protection lapses on Friday.

According to reports of Baaghitv, Federal Trade Commission, of United States of America, approved the imposition of penalty against Facebook through a settlement in a 3-2 vote, with the two Democratic members of the protection agency dissenting. When approved by Justice Department, it would become the biggest ever penalty imposed by the Federal Trade Commission, of United States of America, in its history against any technology giant.

In the recent past, United States of America has taken many steps to protect privacy of social media users and Senate committees have held special hearing session of social media giants including Facebook, Whats-app and internet search engine, Google since the reports of Russia meddling in US Presidential Elections of 2016 which was won by Donald Trump.

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