FTC $5 billion fine doesn't spell closure for Facebook

While the $5 billion fine from the FTC, which Facebook has been expecting, is by far the largest the agency has levied on a technology company, the real worries for Facebook -- and its investors and the companies that use it to advertise on its service -- are the other restrictions and government oversight that might come with it. This goes for the other investigations as well, which span the globe from the European Union, Germany, and Belgium to New York, Canada and elsewhere.

Facebook has enjoyed more than a decade of unfettered growth as Silicon Valley's golden child, trusted to regulate itself and keep its 2.4 billion users' interests at heart. The probe could potentially cost Facebook more than $2.3 billion in fines based on its 2018 revenue, or more if it makes more money this year, which is all but certain. The commission, which handles online data regulation for the European Union, has nearly a dozen open investigations on Facebook that include its subsidiaries WhatsApp and Instagram, which could carry additional . Facebook says it is co-operating with the investigations.The U.S.

$5 billion is like a month's income for Facebook, no?

They CAN afford it, it WILL B fine... Pun is not intentional...

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