NEWS25 April 2019
All MRS websites use cookies to help us improve our services. Any data collected is anonymised. If you continue using this site without accepting cookies you may experience some performance issues. Read about our cookies here.
All MRS websites use cookies to help us improve our services. Any data collected is anonymised. If you continue using this site without accepting cookies you may experience some performance issues. Read about our cookies here.
NEWS25 April 2019
Data analytics Financials News North America Privacy Social media
US – Facebook has set aside $3bn to cover the expected fine resulting from the Federal Trade Commission (FTC)’s probe into its privacy practices.
The company estimates that the probable loss resulting from the FTC’s investigation “into our platform and user data practices” will be between $3bn and $5bn, according to its first quarter financial statement.
However, it noted that the matter has not yet been resolved and did not offer any timeframe regarding the final outcome.
Facebook’s revenue for the first quarter of 2019 was $15.1bn, a 26% year-on-year increase from the first quarter of 2018.
The social network also grew its monthly active users by 8% in the past year to 2.38 billion.
Chief executive and founder Mark Zuckerberg said: "We are focused on building out our privacy-focused vision for the future of social networking, and working collaboratively to address important issues around the internet."
In February, the Washington Post reported that Facebook and the FTC were negotiating over a potential ‘multibillion-dollar’ fine.
The agency has been investigating Facebook for over a year, since the Cambridge Analytica scandal emerged.
Newsletter
Sign up for the latest news and opinion.
You will be asked to create an account which also gives you free access to premium Impact content.
Post-pandemic recruitment will depend on embracing technology, and market research could be well-placed to expand a… https://t.co/wjojg0jvGI
Canvs expands leadership team https://t.co/4pZdKYjbfQ #mrx #marketresearch
Sanger joins Verve as innovation director https://t.co/38XfIbDMPm #mrx #marketresearch
The world's leading job site for research and insight
Hasson Associates
Associate Director – fast paced global quant team
£40000–52000
Hasson Associates
Quant SRE – Innovation
£32000–38500
Hasson Associates
Field Exec – Innovative Market Research Agency
£25000–26000
Related Articles
RT @FairtradeUK: Think you know Fairtrade? Here are 25 facts about us. https://t.co/dcWoDRPY4h
The post-demographic consumerism trend means segments such age are often outdated, from @trendwatching #TrendSemLON
0 Comments