https://www.eastbaytimes.com/2019/07/12/reports-facebook-settles-with-ftc-for-5-billion/ > Facebook has agreed to pay a record $5 billion settlement with the Federal Trade Commission after a yearlong investigation into the company’s privacy practices, according to multiple reports Friday. > Citing unnamed sources, the Wall Street Journal, the Washington Post and the New York Times reported that the FTC this week voted to approve the settlement, which was born out of last year’s Cambridge Analytica privacy scandal involving the personal data of Facebook users. If the reported amount is correct, it would be the biggest fine ever imposed by the United States on a tech company. It would dwarf a $22 million FTC fine on Google in 2012.