Facebook climbs after the FTC approves the company’s $5 billion privacy settlement (FB)

Facebook stock extended gains in late trading Friday after the FTC approved a $5 billion settlement payment with the social media company. The stock closed up roughly 2%. The payment resolves an investigation stemming from the Cambridge Analytica scandal. The FTC settlement marks the most significant action yet against Facebook for its series of missteps that compromised users’ data and privacy. Watch Facebook trade live here.

Facebook stock rose in the last few minutes

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