Facebook has had several high-profile privacy lapses in the past couple of years.
SAN FRANCISCO — Facebook said it expects a fine of up to $5 billion from the Federal Trade Commission, which is investigating whether the social network violated its users’ privacy.
The one-time charge slashed Facebook’s first-quarter net income considerably, although revenue grew by 25% in the period. The FTC has been looking into whether Facebook broke its own 2011 agreement promising to protect user privacy. “ settlement with the FTC may impact the ways advertisers can use the platform in the future,” she said.
In addition to the FTC investigation, Facebook faces several others in the U.S. and Europe, including by the Irish Data Protection Commission , and others in Belgium and Germany. Ireland is Facebook’s lead privacy regulator for Europe.
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