Motilal Oswal
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Motilal Oswal
Business

Facebook faces $5 billion FTC fine, largest ever in tech

Updated : July 14, 2019 03:30 PM IST

The long-expected punishment, which Facebook is well prepared for, is unlikely to make a dent in the social media giant's deep pockets.
For many companies, a $5 billion fine would be crippling. But Facebook is not most companies. It had nearly $56 billion in revenue last year.
Facebook faces $5 billion FTC fine, largest ever in tech
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