Facebook’s $5-billion privacy settlement approved

U.S. officials approved a record $5 billion privacy settlement with Facebook Inc. to resolve the Cambridge Analytica data scandal, people said, prompting an immediate outcry from lawmakers and privacy advocates who said it didn’t go far enough.

Even as it resolves the FTC privacy inquiry, Facebook is still grappling with regulatory scrutiny on several other fronts — including the prospect of a new investigation by the FTC’s antitrust section under an agreement with the Justice Department that divided oversight of four of the biggest tech companies.

One area of focus is likely to be the company’s acquisitions of the photo-sharing app Instagram and the Whatsapp messaging service.