10 things in tech you need to know today
Facebook is estimating that it could be subject to a $3 billion to $5 billion fine by the Federal Trade Commission (FTC).
That estimate is according to the company's earnings report filed on Wednesday.
The fine could come as a result of Facebook violating a 2011 agreement with the FTC regarding consumer privacy.
As part of that agreement, Facebook agreed to get users' consent before sharing their data with third parties, such as Cambridge Analytica.
According to Business Insider, Facebook also agreed to take steps to better protect users' data.
The FTC began investigating Facebook in March 2018 after the Cambridge Analytica scandal became public.