FTC’s investigation into Facebook data practices could result in a fine up to 5 billion, Facebook estimates
On April 24, 2019, Facebook published its financial results for the first quarter, where it estimated a probable loss and recorded an accrual of $3 billion in connection with an investigation by the Federal Trade Commission (FTC).
The investigation could result in a penalty of up to 5 billion.
The FTC began its investigation into Facebook’s mishandling of data after the New York Times reported in March 2018 that the information of 87 million users had been harvested by a British Read more [...]