Tech News: Facebook sets aside $3 billion to cover expected FTC fine [Every News]

Facebook sets aside $3 billion to cover expected FTC fine Facebook Inc. set aside $3 billion for an expected fine from the Federal Trade Commission over privacy violations, cutting into the social-media giant’s profit even as its underlying business remained strong.



Facebook Inc. set aside $3 billion for an expected fine from the Federal Trade Commission over privacy violations, cutting into the social-media giant’s profit even as its underlying business remained strong.

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