Social media giant Facebook has agreed to "significantly enhance" its oversight practices and will pay a whopping USD 5 billion to the Federal Trade Commission as penalty for privacy violations, in the largest ever security fine imposed on any company for disregarding consumer information.

US regulators have approved a USD 5 billion penalty to be levied on Facebook to settle a probe into the social network's privacy and data protection lapses, the Wall Street Journal reported Friday.

Facebook said it was "back at 100 per cent" Wednesday evening after an outage on all of its services affected users in various parts of the world.

A security flaw in WhatsApp, one of the most popular messaging apps in the world, allowed sophisticated attackers to install spyware on phones, the company said Tuesday, in the latest trouble for its parent Facebook.

New York: One of the co-founders of Facebook called on Thursday for the social media behemoth to be broken up, warning that the company's head, Mark Zuckerberg, had become far too powerful.

San Jose: Social networking giant Facebook Tuesday said it is committed to building a "privacy-focussed" social platform to ensure that conversations stay private, and that user data is secure across its products like Messenger, WhatsApp and Instagram.

 Twitter on Wednesday began making it easier to report tweets aimed at interfering with people voting, starting first in Europe and India.