COMMISSION to announce a $5 billion settlement with Facebook as early as this week-sources

FILE PHOTO: Attendees walk past a Facebook logo during the Facebook Inc. F8 developers conference in San Jose, California, united states, April 30, 2019. REUTERS/Stephen Lam/File Photo

WASHINGTON (Reuters) – The U.S. Federal Trade Commission is expected to announce a roughly $5 billion in a settlement with Facebook Inc. as early as this week about her research into the social-media company for the processing of the personal information of the user, the two sources briefed on the matter said Monday.

To the FTC, the Judiciary, and Facebook declined to comment. The FTC has been investigating allegations Facebook inappropriate to share information from the 87 million users, with the now-defunct British political consulting firm in Cambridge Analytica. Reuters and other outlets reported on July 12 that the FTC had voted to approve the settlement, but that it was awaiting the approval of the Ministry of Justice.

Report by David Shepardson; Editing by Leslie Adler

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