The Federal Trade Commission today announced a $5 billion settlement with Facebook over alleged privacy abuses, a record-setting penalty that has still drawn bipartisan criticism from lawmakers who say regulators are going too easy on Silicon Valley.
The agreement follows a more than year-long FTC probe spurred by the revelation that Cambridge Analytica, a political consulting firm that had worked for President Donald Trump's campaign, improperly obtained data on tens of millions of Facebook users.
But the deal is far from the end of legal troubles for Facebook, which still faces House and Senate investigations, scrutiny by regulators in Europe, and a newly announced Justice Department probe into anti-competitive behavior in the tech industry.
Article originally published on POLITICO Magazine