FTC to fine Facebook $5 billion for privacy lapses: WSJ

The fine represents the largest ever imposed by the FTC against a tech company. Previously, the agency’s largest fine against a tech company came in 2012 when Google agreed to pay a $22.5 million penalty due to its privacy practices.

A billion here, a billion there, and pretty soon you're talking about real money.

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Facebook to be slapped with $5 billion fine for privacy lapses, says WSJ