Facebook Tucked Away $3 Billion for Potential Fine

If you stay ready, you ain't gotta get ready.

Stefon Walters


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.

Refinance Your Student Loans

In Case You Missed It

Debt-to-Income Ratio
Assets vs. Liabilities
Explaining Certificates of Deposit (CDs)
  • Fixed APR: 3.50% - 7.82%

  • Variable APR: 2.43% - 7.21%

  • Minimum credit score: Mid-600s

  • Fixed APR: 3.87% - 7.03%

  • Variable APR: 3.05% - 7.79%

  • Minimum Credit Score: Mid-to-High 600s

  • Fixed APR: 3.50% - 7.02%

  • Variable APR: 2.43% - 6.65%

  • Minimum Credit Score: Mid-600s

  • Finessin' Finances Twitter
  • Finessin' Finances Instagram
  • Finessin' Finances YouTube
  • Finessin' Finances Facebook