Tag: FTC

Facebook’s investors were not fazed by the announcement of a $5 billion FTC fine after baking it into share price expectations, but Facebook’s admission that it was now under investigation by the FTC over antitrust issues was a surprise. Facebook detailed in its Q2 earnings release that it has paid the record fine and agreed […]

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 […]

One more consequence of the FTC’s investigation of Facebook, which culminated in a record $5 billion settlement announced today: it’s finally tightening another string in its privacy policy by cutting off access to friend data for Microsoft and Sony, the company announced today. It described having allowed them access up to now as “our mistake” […]