U.S. regulators fine Facebook US$5B, add oversight for privacy mishaps

WASHINGTON -- Federal regulators have fined Facebook US$5 billion for privacy violations and are instituting new oversight and restrictions on its business. But they are only holding CEO Mark Zuckerberg personally responsible in a limited fashion. The fine is the largest the Federal Trade Commission has levied on a tech company, though it won't make much of a dent for a company that had nearly $56 billion in revenue last year. As part of the agency's settlement with Facebook, Zuckerberg will hav