Facebook is getting ready for a potential $3B-$5B fine from the FTC
https://finance.yahoo.com/news/facebook-ftc-fine-5-billion-221109269.html
The company added that the charge could top out at $5 billion, but that the matter remains unresolved and there's no timing as to when it will come to a conclusion.
During its Q1 earnings call, Facebook’s representatives said they were unable to comment further on the potential fine, as it is part of an ongoing matter.
Facebook is getting ready for a potential $3B-$5B fine from the FTC
Apr 25, 2019, 9:25am UTC
https://finance.yahoo.com/news/facebook-ftc-fine-5-billion-221109269.html
> The company added that the charge could top out at $5 billion, but that the matter remains unresolved and there's no timing as to when it will come to a conclusion.
> During its Q1 earnings call, Facebook’s representatives said they were unable to comment further on the potential fine, as it is part of an ongoing matter.