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US Federal Trade Commission head Joe Simons announces the record US $5b settlement with Facebook to end a privacy investigation, but an antitrust inquiry will now begin. Photo: APJose Luis Magana
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Facebook fined $7 billion after privacy probe, new antitrust inquiry opens

Facebook will pay a record $US5 billion ($A7.2 billion) fine to resolve a government probe into its privacy practices and will boost safeguards on user data, the US Federal Trade Commission and the social media company say.