FILE PHOTO: Small toy figures are seen in front of Facebook logo in this illustration picture, April 8, 2019. REUTERS/Dado Ruvic//File Photo
Facebook Inc is preparing for a record-setting fine from US regulators over privacy issues, but Wall Street shrugged at the looming penalty after the company added users and trounced profit expectations for the first quarter.
It has been just over a year since Facebook's improper data sharing with political consultancy Cambridge Analytica launched probes on both sides of the Atlantic. That included a US Federal Trade Commission (FTC) investigation into whether Facebook violated a 2011 agreement over user privacy.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
