Facebook climbs after the FTC approves the company’s $5 billion privacy settlement (FB)
|07/12/2019||Posted by BusinessMediaguide.Com under General World News||
- Facebook stock extended gains in late trading Friday after the FTC approved a $5 billion settlement payment with the social media company. The stock closed up roughly 2%.
- The payment resolves an investigation stemming from the Cambridge Analytica scandal.
- The FTC settlement marks the most significant action yet against Facebook for its series of missteps that compromised users’ data and privacy.
- Watch Facebook trade live here.
Facebook stock rose in the last few minutes of regular-hours trading on Friday after the US Federal Trade Commission approved a record privacy settlement with the social media company, requiring it to pay about read more >>>