Why a multibillion-dollar FTC fine would barely faze Facebook

In February, the Washington Post’s Tony Romm reported that Facebook is negotiating a settlement with the Federal Trade Commission. The company signed a consent decree with the FTC in 2011 in which it promised to improve its privacy practices. The settlement, he reported, would include a multibillion-dollar fine. At the time, Facebook had no comment. But in an unusual move today, the company essentially confirmed the report as part of its quarterly earnings statement.
Nick Statt reports:Th