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Facebook In Trouble, To Pay $3 Billion For Breach Of Private Date

For alleged mishandling of private user data, the United States government is slated to fine Facebook a sum of $3-5 Billion.

Facebook, has said it was prepared to pay the expected fine has it has set aside $3 billion in its reserve to pay for such fines after the US Federal Trade Commission opened an investigation last year into a 2011 privacy settlement with the company.

“We estimate that the range of loss in this matter is $3.0 billion to $5.0 billion,” the company said.

“The matter remains unresolved, and there can be no assurance as to the timing or the terms of any final outcome.” The statement added.

About Author

Joshua Oyenigbehin is an introvert who is passionate about Storytelling, writing, and teaching. He sees his imagination as an unsearchable world, more magical than a fairyland. He has written a novel and working on another

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