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Facebook’s FTC fine will be $5 billion—or one month’s worth of revenue

Facebook’s FTC fine will be $5 billion—or one month’s worth of revenue

5 years ago
Anonymous $9jpehmcKty

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.