Record Facebook fine approved by US regulators

LOIC VENANCE / AFP

Facebook's record fine has been approved by US regulators.

The social media platform was told to pay USD$ 5 billion (AED 18.2 billion) to settle an investigation into data privacy violations.

The US Federal Trade Commission (FTC) approved the historic fine in a 3-2 vote.

The FTC has been looking into allegations that consultanc0y firm Cambridge Analytica illegally obtained the data of close to 90 million Facebook users.

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