Why Facebook is paying a fine of $3 billion to $5 billion (FB)

Facebook is estimating that it could be subject to a $3 billion to $5 billion fine by the Federal Trade Commission (FTC), according to the company's earnings report filed on Wednesday.  The fine could come as a result of Facebook violating a 2011 agreement with the FTC regarding consumer privacy.  As part of that agreement, Facebook agreed to get users' consent before sharing their data with third parties, such as Cambridge Analytica. It also agreed to take steps to better protect users'...