Facebook expects up to $5 billion in FTC fines via ReutersTV
what's the cost for Facebook's massive data privacy breach that's rob the company in the past year Facebook thinks it could be as much as five billion dollars it shared that estimate in its earnings report on Wednesday saying that it set aside billions of dollars to cover possible penalties coming from the Federal Trade Commission in what could be the agency's biggest fine ever against a tech company the FTC has been investigating Facebook after it came to light that the social...
to strong growth in its photo sharing app Instagram beating Wall Street estimates but protecting privacy and cleaning up Facebook is taking a toll had counted the social media company jumped thirty six percent over the year to over thirty seven thousand as it hires more people to police the site and costs jumped over eighty percent as well still investors were pleased and the stock jumped as much as five percent in after hours trading the shares are up nearly forty percent so far this year CEO...
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