Technology Alert: Facebook has budgeted $3 billion for ongoing FTC investigations, an indication of the cost of the company's privacy lapses

On Wednesday, the social media giant said it set aside the money as it reported first-quarter earnings. The Washington Post has previously reported that Facebook and the Federal Trade Commission have been in negotiations for what is expected to be a record fine for privacy lapses.

Democracy Dies in Darkness     Technology Alert Apr 24, 4:14 PM     Facebook has budgeted $3 billion for ongoing FTC investigations, an indication of the cost of the company's privacy lapses On Wednesday, the social media giant said it set aside the money as it reported first-quarter earnings. The Washington Post has previously reported that Facebook and the Federal Trade Commission have been in negotiations for what is expected to be a record fine for privacy lapses. Read more » Advertisement You received this email because you signed up for news alerts from The Washington Post. Manage my newsletters and alerts | Unsubscribe Privacy Policy | Help ©2019 The Washington Post, 1301 K St NW, Washington DC 20071