Facebook Tucked Away $3 Billion for Potential Fine
If you stay ready, you ain't gotta get ready.
April 24, 2019
Facebook is expected to get smacked with a $3 billion fine here soon over privacy violations (it's always something with them). Although this fine is likely to be the largest ever for an American tech company, the fact that Facebook can just casually set it aside like it's gas money shows that it won't hurt the social media company too much.
The company made $14.9 billion from ads during the first three months of this year, up 26% from that same period in 2018. Even after setting the money aside, they produced $2.43 billion in profits. I don't feel sorry for them.