Facebook earnings stained by possible 5 billion FTC fine; stock skyrockets anyway

Get the Full StoryThe advertising and social networking company defied a consent decree and is currently negotiating the 3 billion to 5 billion fine amount with the FTC.

Facebook reported a larger-than-expected loss in its first quarter, highlighted by an accounting allowance for an FTC fine that could be as large as 5 billion. The company violated a consent decree with the FTC in 2012, and the agency is just now getting around to levying the fine.Read Full Story

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