
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.