Emily Glazer, Ryan Tracy, and Jeff Horwitz, reporting for The Wall Street Journal:
The Federal Trade Commission has endorsed a roughly $5 billion
settlement with Facebook Inc. over a long-running probe into the
tech giant’s privacy missteps, according to people familiar with
FTC commissioners this past week voted 3-2 in favor of the
agreement, with the Republican majority backing the pact while
Democratic commissioners objected, the people said. The matter has
been moved to the Justice Department’s civil division and it is
unclear how long it will take to finalize, one of the people said.
Justice Department reviews are part of FTC procedure but typically
don’t change the outcome of a decision by the commission.