Facebook expects FTC fine of up to $5bn in privacy investigation
▻https://www.theguardian.com/technology/2019/apr/24/facebook-ftc-fine-first-quarter-financial
Company makes revelation in financial reports showing first-quarter revenue growth to more than $15bn Facebook is expecting to pay as much as $5bn to the US Federal Trade Commission (FTC), it revealed in first quarter financial reports, which otherwise showed continued revenue growth to more than $15bn for the first three months of the year. Facebook recorded a $3bn legal expense “in connection with the inquiry of the FTC into our platform and user data practices”, the company said. The (...)
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