Facebook’s FTC fine will be $5 billion—or one month’s worth of revenue
https://arstechnica.com/tech-policy/2019/07/facebooks-ftc-fine-will-be-5-billion-or-one-months-worth-of-revenue/
The Federal Trade Commission and Facebook have reportedly agreed on a $5 billion fine that would settle the FTC's privacy investigation into the social network.
With Facebook having reported $15 billion in revenue last quarter, the $5 billion fine would amount to one month's worth of revenue.
Facebook’s FTC fine will be $5 billion—or one month’s worth of revenue
Jul 12, 2019, 10:24pm UTC
https://arstechnica.com/tech-policy/2019/07/facebooks-ftc-fine-will-be-5-billion-or-one-months-worth-of-revenue/
> The Federal Trade Commission and Facebook have reportedly agreed on a $5 billion fine that would settle the FTC's privacy investigation into the social network.
> With Facebook having reported $15 billion in revenue last quarter, the $5 billion fine would amount to one month's worth of revenue.