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Facebook expects billions in penalties from U.S. government

Facebook inventory was once up greater than 4% in after hours buying and selling Wednesday after reporting certain Q1 income. But it printed its GAAP income in line with proportion was once some distance much less that anticipated to account for losses of a possible multibillion-dollar Federal Trade Commission tremendous.
Facebook stock was up more than 4% in after hours trading Wednesday after reporting positive Q1 earnings. But it revealed its GAAP earnings per share was far less that expected to account for losses of a potential multibillion-dollar Federal Trade Commission fine.

Original article
Original article
Author: Axios

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Axios has recently written 10 articles on similar topics including :
  1. "Democrats and critics fear the deal might let Facebook off easy". (July 13, 2019)
  2. "The state's attorney general is asking a state court to enforce the investigation's request". (November 6, 2019)
  3. "YouTube has already been under scrutiny for its content". (June 19, 2019)
  4. "The collection of data has been taken down". (September 5, 2019)
  5. "The states' investigation of Facebook is moving in parallel with other efforts in Congress and by the Justice Department". (October 22, 2019)
  6. "The most likely outcome at the FTC is a settlement". (May 13, 2019)
  7. "Facebook's pivot to privacy reverses another pivot it made a decade ago, when it pushed everything public". (May 1, 2019)
  8. "For Facebook, it was good news on the numbers, bad news on the government action side". (July 24, 2019)
  9. "But there's plenty of skepticism around Facebook's use of that information". (May 1, 2019)
  10. "The tech giant faces a host of worldwide legal and regulatory issues". (July 17, 2019)
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