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COMING UP:Share Opener Variant 1

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the US federal trade commission's biggest fine never he's coming down on Facebook a rotor source on Friday said the FTC approved a roughly five billion dollars settlement with Facebook over the social media giant's missteps in data privacy the FTC has been investigating allegations Facebook inappropriately shared information of eighty seven million users with the now defunct British political consulting firm Cambridge analytica the probe focused on whether that in other disputes violated a twenty eleven agreement between Facebook and the F. T. C. Reuters reporter Diane barks for Facebook in some ways this is not a big deal I mean they had seventeen billion dollars in revenue yeah in in a recent quarters so five billion dollar fine you know it's a big number but %HESITATION is it's not all that painful one of the thing this things it's going to be really interesting in that people are going to be looking to see is if the settlement requires Facebook to change any of its privacy policies or any of the way that it treats %HESITATION collects data %HESITATION that could be something that would bite into Facebook's revenues going forward if they're forced to %HESITATION collect less data to keep it for a shorter period of time or to change other data practices that could bring revenues down because the data would be less valuable to advertisers the settlement still needs to be finalized by the justice department's civil division and an announcement could come as early as next week according to the source despite news of the record settlement Facebook shares on Friday closed up one point eight percent the company had already warned in its last earnings report in April that the fine could be as much as five billion dollars and even that didn't spook investors away at the time