Facebook anticipates an FTC privacy fine of up to $5 billion
https://apnews.com/ae0f1c8b66404d36a3db596a463ed191
SAN FRANCISCO (AP) — Facebook said it could face a fine of up to $5 billion as the result of an investigation by the Federal Trade Commission. The agency has been investigating Facebook for possible privacy violations, but has not announced any findings yet.
The company set aside $3 billion in its quarterly earnings report Wednesday as a contingency against the possible penalty.