Facebook Expects to Pay Up to $5 Billion Fine to FTC

Facebook has reportedly set aside billions of dollars to cover an anticipated fine from US regulators.

 

A new report from the New York Times reveals that Facebook has set aside $3 billion in anticipation of a fine from the FTC of up to $5 billion.

Facebook Made the Disclosure in Quarterly Financial Report

The New York Times reported this afternoon that Facebook had set aside about $3 billion in anticipation of a major fine from the US Federal Trade Commission, possibly as much as $5 billion, which would make it the largest fine ever levied against a tech company.

The New York Time’s Mike Isaac broke the news over Twitter this afternoon.

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