The FTC announced that it will fine Facebook $5 Billion (yes that’s with a “B”) and subject the company to new regulations based on the Cambridge Analytica breach where millions of users data was harvested and targeted for political campaigning. To date, this is the most expensive fine levied against a company for breaching personal data.
Here’s the original FTC announcement from FTC.gov:
Some background on the breach can be found on Wikipedia:
And here are some articles from around the web for more details.