Facebook FTC fine could cost it between $3 and $5 billion

Facebook FTC fine could cost it between $3 and $5 billion

FTC can pay $ 3 to $ 5 billion, Facebook has faced many conflicts in recent months, but its impact has not been bad enough to increase the revenue of Facebook. Now Facebook feels FTC can pay them heavily. If FTC has done this, then it will have a major impact on Facebook's revenue.
Facebook has released the first quarterly financial data of 2019. According to the report, the total income of Facebook was $ 15.1 billion in this quarter, which is 26% more than the same period last year.
Interestingly, Facebook's estimate in its report is that they can get $ 3 to $ 5 billion by the Federal Trade Commission. The penalty may be due to the data sharing data by Facebook. As a result, the company has spent $ 3 billion in this quarter.

This reduced the net net profit by 51 percent compared to previous year.

Washington Post reported in February that the Facebook FTC is negotiating with a reduction of $ 10 billion in FTC. If the Facebook FTC pays $ 3 to $ 5 billion, then it The FTC will be the biggest penalty by any technology company. Earlier, Google has paid a penalty of $ 22.5 million after investigating quota.
Facebook reports in its report that this problem is still solved.
In its report, Facebook has reported that in the first quarter of 2019, the number of social activists of social media platforms remained 2.38 billion dollars. This is 8% higher than the same period last year. In the quarter, the number of daily active users has been 1.56 billion, which is 8% higher than the same period of 2018. Mark Zuckerberg says that this quarter has been quite good, it has increased business and community.
Facebook's CFO David Winner on FTC's heavy penalties says this matter has not yet been resolved, so the actual amount of payment is still uncertain.

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