Comment on Facebook earnings stained by possible $5 billion FTC fine; stock skyrockets anyway

Facebook earnings stained by possible $5 billion FTC fine; stock skyrockets anyway

The advertising and social networking company defied a consent decree and is currently negotiating the $3 billion to $5 billion fine amount with the FTC. Facebook reported a larger-than-expected loss in its first quarter, highlighted by an accounting allowance for an FTC fine that could be as large as $5 billion.

 

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