Tag: trade Commission

• Thursday, April 25th 2019 - 08:59 UTC

  Facebook profits and users rising, but company will set aside US$ 3bn for US FTC investigation into privacy practices

  

  Facebook has said it will set aside US$ 3bn to cover the potential costs of an investigation by US authorities into its privacy practices. While it has provided for a heavy toll from the investigation by the US Federal Trade Commission, the final cost could be US$ 5bn, it said.