The social network disclosed the amount in its quarterly financial results, saying it estimated a one-time charge of $3 billion to $5 billion in connection with an “ongoing inquiry” by the F.T.C. Facebook added that “the matter remains unresolved, and there can be no assurance as to the timing or the terms of any final outcome.” ...read more

Facebook and the agency have been in negotiations over a financial penalty for claims that the company violated a 2011 consent decree.

    even as its executives were out fiercely defending its policies on political ads this month, facebook was allowing an obviously fake page that purported to be linked to president trump's reelection campaign to run ads on its platform. the ads directed users to an online donation portal that claimed to be a way to donate to the trump campaign. ...read more