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Facebook Expected To Pay 5 Billion$ After The App Scandal Believed To Be Causing Data Leaks

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Tom Cruise
Facebook Expected To Pay 5 Billion$ After The App Scandal Believed To Be Causing Data Leaks

The cost of Facebook total revenue has climbed to a whopping 3Billion U.S$ after the investigations were held regarding Facebook data policy and privacy’s preventive measures.

Facebook said on Wednesday that its operating costs rose to $11.7 billion in the three months ending March 31, up 80 percent from the year-earlier period.

The company made a profit of $22 billion last year on $56 billion in total revenue or a profit margin of 45%.

Still, the potential cost of an FTC penalty grabbed the attention of Facebook analysts.

“This is a significant development, and any settlement with the FTC may impact the ways advertisers can use the platform in the future,” eMarketer Principal Analyst Debra Aho Williamson said in a note.

Back in 2010, Facebook and its CEO agreed to the agency by abstaining from selling the data and asking for permission from users before data collection.

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