FTC commissioners voted by 3-2 with Republicans in support and Democrats in opposition to the penalty.
As reported earlier, the personal data of over 87 million Facebook users were violated by the British political consultancy firm Cambridge Analytica.
In 2018, the FTC opened a probe into the matter after the social networking giant admitted Cambridge Analytica acquired detailed personal information of more than 87 million Facebook users via an academic researcher. The report of the $5-billion settlement, the largest-ever by the FTC against a tech company over privacy issues after a $22.5-million settlement with Google in 2012, led to Facebook’s stock price rise on 12 July.
The matter has now been moved to the US Justice Department for a review.