Facebook’s investors is still not fazed by the announcement of a$ five billion FTC fine after baking it into share premium anticipations, but Facebook’s admission that it was now under investigation by the FTC over antitrust issues was a surprise.
Facebook detailed in its Q2 earnings secrete that it has paid the record fine and is in agreement with specific privacy stipulations, but a short sentence in the handout also detailed that the company’s FTC misfortunes may continue.
” The online technology the enterprises and our corporation have received increased regulatory inquiry in the past quarter ,” the secrete speak.” In June 2019, we were informed by the FTC that it had opened an antitrust investigation of our corporation. In addition, in July 2019, the Department of Justice announced that it will begin an antitrust review of market-leading online platforms .”
Just yesterday, the U.S. Department of Justice announced that its antitrust divide had opened an investigation into the country’s big tech companies.
We’ll have more details from the company’s earnings call starting shortly.
Read more: feedproxy.google.com