Tag: fine

Facebook has reached a settlement with the UK’s data protection watchdog, the ICO, agreeing to pay in full a £500,000 (~$643k) fine following the latter’s investigating into the Cambridge Analytica data misuse scandal. As part of the arrangement Facebook has agreed to drop its legal appeal against the penalty. But under the terms of the […]

Hours after receiving a record $5 billion FTC fine on privacy violations, Facebook delivered a Q2 earnings beat with revenue of $16.9 billion with $1.99 adjusted EPS compared to the Zacks Consensus Estimate of $1.90 EPS on revenue of $16.45 billion. Facebook reported it has 1.59 billion DAUs and 2.1 billion daily active users of […]

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Facebook settles with FTC: $5 billion and new privacy guarantees Although in line with what was reported before the official announcement, […]