Facebook Fined $5B? Big Deal … Last Quarter’s Revenue Was 3X More

Facebook was fined $5 billion by the FTC today.

Good thing for Zuckerberg and company that its latest quarter racked up $16.6 billion in revenue. 

The fine was a new record for the FTC, almost 2000% more than the next biggest: Equifax. It’s for Facebook’s violation of user privacy in the Cambridge Analytica case and other breaches of privacy agreements with the FTC. But Facebook’s quarterly revenue was also a record for its second quarter at $16.9 billion — and was within a whisker of an all-quarter record.

Get the full story in my post at Forbes …

About author View all posts Author website

John Koetsier