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Facebook Expects to Be Hit With Up to $5 Billion FTC Fine

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

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Dado Ruvic/Reuters

Facebook expects to be fined up to $5 billion by the Federal Trade Commission. The social network said it was putting aside billions of dollars to absorb the fine’s blow, with the company stating in an earnings report that “the range of loss in this matter is $3.0

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