Facebook was just slapped with a record-breaking fine for privacy violations,video of woman having sex first time but its regulatory headaches are far from over.
The company disclosed Wednesday that it's also facing an antitrust investigation from the Federal Trade Commission. The disclosure came amid Facebook's second quarter earnings report, which landed just hours after details of its $5 billion settlement with the FTC were revealed.
SEE ALSO: Everything you need to know about Facebook's deal with the FTC"In June 2019, we were informed by the FTC that it had opened an antitrust investigation of our company," the company said in a statement. That marks the second federal antitrust probe into the social media company. The Department of Justice is also conducting an antitrust review of several major tech companies.
Earlier in the day, Facebook announced it had reached a settlement with the FTC as the result of its long-running investigation into the social network's privacy practices. As part of the deal, Facebook agreed to pay a $5 billion fine, and to create an "independent privacy committee." And the Securities and Exchange Committee revealed Facebook would pay a $100 million fine as the result of Cambridge Analytica-related privacy violations.
But these investigations and have fines have done little to affect the company's bottom line. Facebook reported $16.9 billion in revenue, ahead of analyst expectations. Facebook's daily active users (DAUs) also rose to 1.59 billion.
Original image has been replaced. Credit: Mashable That may not always be the case, though. Facebook CFO Dave Wehner warned that Facebook's revenue growth could slow down during the fourth quarter of 2019 and into 2020 because "ad targeting headwinds." Specifically, Wehner cited privacy regulation like GDPR, "operating system" changes (presumably, a reference to Apple's anti-ad tracking features), and Facebook's overall shift to privacy.
For now though, it's clear that Facebook's multibillion dollar FTC fine is more a minor speed bump than a major hurdle, despite Mark Zuckerberg's insistence the new rules will slow the company down. "Good news on the FTC settlement," one analyst said during the company's earnings call.
Topics Facebook Social Media
Andretti and Honda, Names Famous at Long Beach, Celebrate Again with Their Team’s Victory
Snapchat is more popular than ever
12 times Renata Klein's rage was the best part of 'Big Little Lies'
This company created 'automated following' so two trucks only need one driver
LANSCA Student Exchange Alumni Hold Reunion
Wesley's episode is 'Queer Eye' at its most complex
Watch porn anonymously: Incognito mode is not the answer, but this is
Don't forget the computer that landed Apollo 11 astronauts on the moon
SEJSCC Starts Ondo Dance Practice
Wesley's episode is 'Queer Eye' at its most complex
Congressman Pays Tribute to JA Veterans at Memorial Day Ceremony
Elon Musk's main worry about the record
Screwed by Equifax? Apply to get some of the record
Marvel confirms 'Shang
‘Life Interrupted’ on View at Arcadia Museum
The AI Renaissance portrait generator isn't great at painting people of color
'Moulin Rouge!' Broadway review: A glamorous spectacle
Screwed by Equifax? Apply to get some of the record
Summer Fun at JANM's Target Free Family Saturday
'Moulin Rouge!' Broadway review: A glamorous spectacle
The Rock describes his fight with COVIDKeep your masks: The future of antiPeople are finding escapism in fall, the one small joy we have leftArtist adds Al Green's face to Walgreens signTwitter flags top GOP rep Steve Scalise's tweet as 'manipulated media'Trump's Twitter account went on an allCut his mic, don't kill the debates: What Trump's terrible night taught usRBG's personal trainer honors her with three pushStephen Colbert's election website shows you how to vote stateFaZe Clan, Jeffree Star, and MrBeast received coronavirus relief loans Capsule with an asteroid sample returns to Earth six years later First reaction to "Wonder Woman 1984": Wonderful, hopeful, original Samsung laughed at Apple for ditching phone chargers. Now, it might do the same. 'World of Warcraft: Shadowlands' makes the afterlife enticing: Review The best video games of 2020 The iPhone/Android COVID contact tracing app is here for Californians Tesla's Berlin Gigafactory may be delayed by hibernating snakes Rick Astley getting rickrolled was Reddit's most upvoted post in 2020 Apple now sells yoga mats and bike helmets Star Wars movie 'Rogue Squadron' coming from director Patty Jenkins
0.1493s , 14339.8046875 kb
Copyright © 2025 Powered by 【video of woman having sex first time】Facebook is under another FTC investigation,Feature Flash
