FTC reportedly approves $5 billion fine for Facebook

Facebook.
(Image credit: LOIC VENANCE/AFP/Getty Images)

Facebook has reportedly gotten exactly what it expected.

The Federal Trade Commission has okayed a "roughly" $5 billion settlement with Facebook over the company's handling of user data, The New York Times, The Wall Street Journal, and The Washington Post all report via people familiar with the decision. It marks the FTC's largest fine ever issued, and matches the fine Facebook said in April it was expecting to pay.

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Kathryn Krawczyk

Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.