Facebook says settling FTC investigation could cost up to $5 billion

Facebook Inc. estimated that it will cost as much as $5 billion to resolve a U.S. investigation into its privacy practices, as the social-media giant moves to put the fallout from the Cambridge Analytica scandal behind it.

Facebook said Wednesday that it took a $3-billion charge related to the...

from Technology - Los Angeles Times https://lat.ms/2IQL0T4