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'Facebook Expects Huge Privacy Fine, It Revealed in Its Q1 Earnings'
Facebook expects that it will have to pay as much as $5 billion as a result of an ongoing FTC investigation into its privacy practices, the company revealed in its Q1 2019 earnings release Wednesday. As a result of these anticipated charges, Facebook set aside $3 billion in the quarter, which significantly impacted its earnings per share.
Hey, FTC - now is a GREAT time to raise those fines.
Wednesday April 24, 2019