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For now, Facebook is still crying all the way to the bank

24/07/2019

The company may be battling the feds on multiple fronts, but business is still booming. For all the self-inflicted problems Facebook is dealing with—such as the $5 billion fine it must pay after an FTC investigation into its privacy practices—the news is usually good when it comes to its financial...
The company may be battling the feds on multiple fronts, but business is still booming. For all the self-inflicted problems Facebook is dealing with—such as the $5 billion fine it must pay after an FTC investigation into its privacy practices—the news is usually good when it comes to its financial performance as a public company. That was true again on Wednesday as the company announced better-than-expected Q2 results. But Facebook’s release detailing its strong numbers also confirmed that the FTC has opened an investigation into the company over antitrust concerns. Read Full Story The company may be battling the feds on multiple fronts, but business is still booming. For all the self-inflicted problems Facebook is dealing with—such as the $5 billion fine it must pay after an FTC investigation into its privacy practices—the news is usually good when it comes to its financial performance as a public company. That was true again on Wednesday as the company announced better-than-expected Q2 results. But Facebook’s release detailing its strong numbers also confirmed that the FTC has opened an investigation into the company over antitrust concerns. Read Full Story
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