Facebook negotiating multi-billion dollar fine with US agency: Report

Washington: Facebook is negotiating a multi-billion dollar fine with the US Federal Trade Commission (FTC) over the social media giant’s past privacy practices.
According to a report in The Washington Post on Thursday, the specific amount is yet to be determined but it would be the largest fine the FTC has ever levied on a tech company.
“If talks break down, the FTC could take the matter to court in what would likely be a bruising legal fight,” said the report.
Facebook confirmed it was in discussions with the FTC but declined to comment further.