FTC fines Facebook $5 billion, adds limited oversight on privacy

By MARCY GORDON and BARBARA ORTUTAY
WASHINGTON — Federal regulators have fined Facebook $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.
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