FTC has trouble reaching a consensus over how much to fine Facebook


Last month, we told you that Facebook had taken a charge of $3 billion against its first-quarter income. The company made this bookkeeping entry in anticipation of receiving a  $3 billion to $5 billion fine by the FTC related to the Cambridge Analytica scandal. 87 million Facebook users reportedly had their personal profiles sold to the now-defunct consulting firm by a third party without their consent. That happened to violate an FTC consent decree that Facebook signed back in 2011. The decree ordered Facebook not to share its subscribers’ profiles without permission.
Meanwhile, …

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