FTC settles with Facebook for $5 billion fine: report

The Federal Trade Commission (FTC) has reportedly approved a roughly $5 billion settlement with Facebook following its investigation into the company's handling of the Cambridge Analytica scandal, the largest the FTC has ever imposed for privacy violations.

The Wall Street Journal, citing a person familiar with the matter, reported Friday that the FTC voted along party lines this week to approve the settlement, closing the investigation into the Cambridge Analytica incident.

The vote was 3-2, with Republicans in the majority approving the deal, according to the Journal.