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Facebook Expects Record Fine

Video Credit: Wochit Business - Duration: 00:40s - Published < > Embed
Facebook Expects Record Fine

Facebook Expects Record Fine

Social media giant Facebook announced on Wednesday in its financial earnings report that it expects to be fined $3-5 billion by the Federal Trade Commission for privacy violations.

Gizmodo reports that the fine is a record for the FTC and represents at most a third of quarterly earnings for the Silicon Valley giant who brought in approximately $15 billion in revenue the first quarter of 2019.

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Facebook Expects Record Fine

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