3bn$ would cost #FB of the #privacy fine for #FTC

If You study the Facebook Q12019 results on their IR site, You will find intersting findings. Under (*) marked description of the Q1table the company has assigned for accrued expenses 3 bn$ for future fine from FTC (Federal Trade Commission). #fb #ftc #privacy

The total loss FB related to this prosecution is estimated between 3-5 bn$.  In fact, the FTC is investigating Facebook over several issues. In general, one of the most severe refer to the Cambridge Analytica scandal, and claims it broke a 2011 privacy consent ruling. The two sides have been in talks for months but it’s not clear when we can expect any form of agreement to be reached.

In conclusion, 3-5bn$ of fines for company who generated more than 50bn$ a year is a expense that could be assigned to typical risk of this business.

Q12019 results report

Dodaj komentarz

Twój adres e-mail nie zostanie opublikowany. Wymagane pola są oznaczone *