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US regulators have approved a record of $5bn (£4bn) fine on Facebook in settling an investigation into data privacy violations, reports.

The Federal Trade Commission (FTC) has been investigating allegations that political consultancy Cambridge Analytica improperly obtained the data of up to 87 million Facebook users.

The $5bn fine was approved by the FTC in a 3-2 vote which broke along party lines, with Republican commissioners in favour and Democrats opposed.

Facebook and the FTC told the media they had no comment on the reports.