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It’s the FTC’s largest fine ever. But for Facebook, is it enough to make a differerence?


The Federal Trade Commission voted to approve a $5 billion settlement with Facebook as a final point on an investigation into the company’s missteps in handling user data, according to The Wall Street Journal. That doesn’t seem to bother anyone, perhaps because the settlement had the potential to be much more onerous (the two Democrats on the panel voted against the deal, saying it wasn’t enough of a penalty). At market close, Facebook’s stock was up nearly 2%.

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