Did the Federal Trade Commission late last week fine Facebook $5 billion?
If you read national news outlets like the New York Times and Wall Street Journal, the answer is yes. The fine, they say, was approved by a 3-2 party-line vote (with Democrats Rebecca Kelly Slaughter and Rohit Chopra in the minority). Our best guess is that it all went down at a non-public meeting on July 10. The Journal said it based its initial reporting on “two people who asked not to be named because they weren’t authorized to speak publicly about the decision.”
