Facebook's earnings hit by $3B legal expense related to FTC investigation
https://www.cnet.com/news/facebooks-earnings-hit-by-3-billion-legal-expense-related-to-ftc-investigation/
The legal costs hit Facebook's first-quarter earnings, which were 85 cents per share. Analysts surveyed by Thomson Reuters expected the company to earn $1.61 per share. Without the expenses, Facebook would've earned $1.89 per share.
The company said it estimates the fine could be between $3 billion to $5 billion.
