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FTC investigation could cost Facebook $5 billion

CBS News Wednesday, 24 April 2019
The inquiry into Facebook's data collection could cost as much as $5 billion, the company said in latest earnings release
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News video: Facebook To Pay Up to $5 Billion In FTC Settlement

Facebook To Pay Up to $5 Billion In FTC Settlement 00:38

Facebook said Wednesday that it expects to have to pay at least $3 billion to settle a Federal Trade Commission investigation. Broadcasting Cable reports the investigation is into whether it violated a 2011 consent degree related to its data privacy practices. The FTC has been expected to extract a...

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