Facebook will pay $5 billion to reach a settlement with US regulators, and Xiaozha will lose the final decision on privacy rights.

On July 24th, Facebook will pay a record $5 billion to settle with the US Federal Trade Commission (FTC), and Facebook CEO Mark Zuckerberg will lose the final decision on privacy. The US Securities and Exchange Commission said Facebook will mislead investors to pay $100 million. Note: Facebook's cryptocurrency project Libra's data privacy and trust issues have become the subject of previous US hearings. According to previous news, the FTC approved the settlement agreement, requiring Facebook to pay a fine of about 5 billion US dollars, ending the FTC investigation of its user data processing methods. This is the largest civil penalty ever issued by the FTC.