Facebook will pay for its myriad of privacy lapses in recent years, and it’s expected to be to the tune of $5 billion.
The Federal Trade Commission (FTC) is said to have voted 3-2 in favor of the settlement, according to reports from The Wall Street Journal and The Washington Post on Friday.
The vote reportedly fell along party lines. The matter has now been passed to the Justice Department’s civil division. It’s unclear how long it will take to finalize.
The steep fine is a record, and comes after a long-running investigation into the tech giant’s privacy failures, including a massive data leak to political research firm Cambridge Analytica.
Previously, Google held the record when it was fined $22.5 million by the FTC for misleading users on how they could limit online tracking tools.
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