Facebook beats profit estimates, sets aside $3 billion for privacy penalty

Facebook beats profit estimates, sets aside $3 billion for privacy penalty

5 years ago
Anonymous $9jpehmcKty

https://www.reuters.com/article/us-facebook-results/facebook-beats-profit-estimates-sets-aside-3-billion-for-privacy-penalty-idUSKCN1S02N6

Facebook Inc on Wednesday blew away Wall Street profit estimates in the first quarter as it kept a lid on the costs of making its social networks safer, and set aside $3 billion to cover a settlement with U.S. regulators, calming investors who had worried about the outcome of a months-long federal probe.