Facebook profited off of its latest scandal

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.


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.

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