Facebook did not break stride despite agreeing Wednesday morning to pay a record $5 billion fine to the U.S. government, posting second-quarter results after the close of trading that exceeded Wall Street expectations
Wednesday morning to pay a record $5 billion fine to the U.S. government, posting second-quarter results after the close of trading that exceeded Wall Street expectations.
The company said its daily and monthly active user metrics each increased 8% — DAUs climbed to 1.59 billion, with MAUs at 2.41 billion as of June. The agreement finalized Wednesday with the Federal Trade Commission carries one of the biggest fines in U.S. corporate history. For a company with a market capitalization of $584 billion, however, it’s almost a rounding error and the earnings release noted a charge in the period of $2 billion, which is less than the $3 billion it had previously indicated it had set aside for the purposes of the settlement.
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