Facebook Inc's potential settlement with federal regulators over breaches of consumer data privacy is nearing completion, and will likely cover related services like its WhatsApp messenger, according to a report.
Facebook is preparing for a record-setting fine from U.S. regulators over privacy issues, but Wall Street shrugged at the looming penalty after the company added users and beat profit expectations for the first quarter.
Facebook Inc on Wednesday blew away Wall Street profit estimates in the first quarter as it kept a lid on the costs of making its social networks safer and set aside $3 billion to cover a settlement with U.S. regulators.
Facebook Inc said on Thursday it had restored service to its main app and Instagram, after the world’s largest social network suffered a major outage that frustrated users across the globe for about 24 hours.
Leading internet search engine Google will acknowledge that it has made “mistakes” on privacy issues in testimony an executive of the Alphabet Inc unit will deliver to a U.S. Senate committee on Wednesday.