The US Federal Trade Commission (FTC) has approved a roughly $5 billion settlement with Facebook Inc over its investigation into the social media company’s handling of user data, a source familiar with the situation says.

Facebook’s decision to stop working with third-party data collectors might earn it public-relations points, but it does little to protect your privacy. The social network still has more than enough data on your interests and hobbies to target ads with precision.

Facebook Inc says it has suspending consulting firm Strategic Communication Laboratories (SCL) and its political data analytics firm Cambridge Analytica after it found they had violated its policies.

Facebook Inc says it would begin to promote videos more prominently inside its News Feed, leveraging the social network’s centerpiece product to build interest in episodic shows and compete more directly with YouTube.

Facebook Inc says it has been testing the idea of dividing its News Feed in two, separating commercial posts from personal news in a move that could lead some businesses to increase advertising.

Facebook Inc and Alphabet Inc’s Google have little choice but to rein in internet political ads in the face of growing U.S. government pressure, a panel of advertising consultants and executives says.

The shortage of housing in California's Silicon Valley has gotten so severe that Facebook Inc on Friday proposed taking homebuilding into its own hands for the first time with a plan to construct 1,500 units near its headquarters.