Even when Facebook loses cash, it earns cash.
The Federal Trade Commission last week determined to impose a roughly $5 billion fine on Facebook as a part of a settlement in a long-running probe into whether or not the social media giant’s infamous Cambridge Analytica scandal desecrated a 2012 consent degree in which Facebook agreed to better defend user privacy.
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The fine, which has been referred to the Justice Department’s civil division for review, would be the biggest ever handed out to a tech company by the federal government. However if Facebook’s recent stock price is something to go by, the corporate isn’t in the least fussed by the fine.