Facebook Expects to be Fined Up to $5 Billion Over Privacy Scandals

In other news: Facebook’s new chief lawyer helped write the Patriot Act.

Via: MIT Technology Review:

To most of us (and to the FTC), $3 billion to $5 billion is a whopping sum of money. But Facebook, which earns $56 billion in revenue every year, can potentially just write it off as a cost of doing business.