Facebook says the FTC privacy inquiry could cost as much as $5 billion [CNBC]
Meta Platforms, Inc. - Class A (FB)
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Source: CNBC
Facebook says the FTC privacy inquiry could cost as much as $5 billion Christophe Morin/IP3 | Getty Images News | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Inc. attends the Viva Tech start-up and technology gathering at Parc des Expositions Porte de Versailles on May 24, 2018 in Paris, France. disclosed first quarter 2019 earnings report "The matter remains unresolved, and there can be no assurance as to the timing or the terms of any final outcome," the company wrote in its release. The FTC launched an investigation into Facebook after the Cambridge Analytica scandal broke, probing whether Facebook violated a 2011 agreement it made with the agency that required it to gain explicit consent to share users data. Although the FTC has previously declined to confirm the status The Washington Post "record-setting fine" While the $3 billion reserve does not mean Facebook has come to an agreement with the FTC, it does imply the company expects a fine of tha
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