https://www.wired.com/story/facebook-ftc-fine-five-billion/

After months of negotiations, the Federal Trade Commission fined Facebook a record-setting $5 billion on Friday for privacy violations, according to multiple reports. The penalty comes after an investigation that lasted over a year, and marks the largest in the agency’s history by an order of magnitude. If approved by the Justice Department's civil division, it will also be the first substantive punishment for Facebook in the US, where the tech industry has gone largely unregulated. But Washington has taken a harsher stance toward Silicon Valley lately, and Friday’s announcement marks its most aggressive action yet to curb its privacy overreaches.

Full details of the settlement were unavailable Friday afternoon, and the FTC and Facebook both declined to comment. The Wall Street Journal first reported the news. It's unclear how long it will take for the Justice Department to review the terms. In the meantime, important questions remain unanswered, including whether the FTC has opted to hold Facebook CEO Mark Zuckerberg personally liable for the company’s privacy violations, and what sort of external oversight Facebook must submit to going forward.