The Online network responded to the recent privacy scandals, and has provided for possible sanctions three billion dollars. The effect on the profit.
Facebook is preparing a billion provision on the consequences of the recent privacy scandals. In connection with corresponding investigations of the U.S. trade authority, the FTC Facebook put aside in the last quarter of three billion dollars, as the Online network announced after the US market close on Wednesday.
The company will calculate a total with a load of between three and five billion dollars. The investigations of the FTC may, for example, with a penalty or with a comparison.
In the case of Facebook, there had been in recent years a number of spectacular data protection breaches. The authority, the FTC focuses primarily on the scandal of the Cambridge Analytica in March 2018. At that time, the data analysis company, personal information of around 87 million Facebook users without their consent. The aim of the campaign was to influence their voting in the US elections in 2016, in the sense of customers.
Facebook has cash reserves of over 45 billion dollars. The provision expressed at the same time, the profit for the last quarter to 2.43 billion dollars to nearly five billion a year earlier. Sales rose in the year-on-year by 26 percent to over 15 billion dollars.
The number of monthly active users grew within a period of three months 2.32 to 2.38 billion. The investors were satisfied: The share price rose in after-hours trading, at times by more than four percent.