The context: The FTC is investigating Facebook over several issues, including the Cambridge Analytica scandal, and claims it broke a 2011 privacy consent ruling. The two parties have been in talks for months, but it’s not clear when we can expect any form of agreement to be reached.
All a matter of perspective: To most of us (and to the FTC), $3 billion to $5 billion is a whopping sum of money. But Facebook, which earns $56 billion in revenue every year, can potentially just write it off as a cost of doing business.
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