Facebook has been dealing with one privacy-related scandal after another for more than a year now, a reality that’s about to present the social networking company with a seriously heavy financial penalty.
Facebook has been dealing with one privacy-related scandal after another for more than a year now, a reality that’s about to present the social networking company with a seriously heavy financial penalty.
The company shared its first quarter results for 2019 Wednesday afternoon, and as part of that disclosure came Facebook’s acknowledgement that it expects a multibillion-dollar fine to come down from the US Federal Trade Commission. Facebook is anticipating anywhere from a $3 billion to $5 billion fine, which will certainly be a record-setting penalty for the company.
