BREAKING: Facebook expects to pay between $3 and $5 billion as part of the FTC's ongoing investigation into the company's handling of users' personal information
The social networking company said it set aside $3 billion during the first quarter to handle the expected expense, though it said the "matter remains unresolved" and it was not clear when the investigation would be resolved.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Facebook says the FTC privacy inquiry could cost as much as $5 billionFacebook reported $15.08 billion in revenue, beating Wall St. expectations. However, the social media giant is taking a $3 billion legal expense related to the ongoing FTC investigation.
Read more »
Facebook estimates up to $5 billion loss in FTC privacy inquiryFacebook reported $15.08 billion in revenue, beating Wall St. expectations. However, the social media giant is taking a $3 billion legal expense related to the ongoing FTC investigation.
Read more »
Facebook expects FTC fine could be as much as $5 billionFacebook posts a rare profit decline as it expects a looming fine from the Federal Trade Commission could be as much as $5 billion
Read more »
LIVE: Facebook expects to be hit with $3-5 billion fine by the FTC, as it beats Wall Street's revenue expectations for Q1BREAKING: Facebook expects to be hit with $3-5 billion fine by the FTC, as it beats Wall Street's revenue expectations for Q1
Read more »
Facebook sets aside billions of dollars for a potential FTC fine
Read more »
Facebook takes $3B charge for FTC investigation in 1QFacebook says a $3 billion charge related to its investigation by the Federal Trade Commission slashed its net income in the first quarter of the year, even as it grew revenue by 25%
Read more »
Facebook earnings account for expected multibillion-dollar FTC fine, but stock still gainsFacebook Inc. shares jumped in late trading Wednesday, even as the company said it expects to pay a multibillion-dollar fine to the Federal Trade Commission.
Read more »
Facebook takes $3B charge for FTC investigation in 1QSAN FRANCISCO (AP) — Facebook is taking a $3 billion charge as a contingency against a possible fine by the Federal Trade Commission. The agency has been investigating Facebook, but has not...
Read more »