Facebook Sets Aside $3 Billion to Cover Expected FTC Fine

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Facebook sets aside $3 billion to cover expected FTC fine, posts 26% rise in first-quarter revenue. Shares rise after hours.

 

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Must be nice to have a few billion to set aside

Maybe the fined should be doubled. I can’t believe that facebook is still flourishing with all the harm they’ve done to democracy and releasing personal data. shutthemdown

Good work ! We also use InstaCryptoNews for fresh news

Where does the FTC do with the anticipated $3,000,000,000.00? That’s a ton of cash.

That company is on a downward spiral. Most people I know who now actively use it are over 45.

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