It won't be hard for Facebook to afford a $5 billion settlement with the FTC, but there may be other costs beyond money (FB)

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• Facebook is facing a record penalty of about $5 billion from the Federal Trade Commission — but for the tech giant, that's only about as much as the revenue it generates in a month.
• What could be more damaging to Facebook than the monetary costs of the settlement is the degree to which the government will get oversight of its business.
• The New York Times reported that under the terms of the settlement, Facebook will be able to continue sharing data with third parties, but there will be more oversight into how it handles user data. 
• Depending on how that oversight shakes up, it could cause headaches for Facebook, even long after that $5 billion bill is paid.
• Visit Business Insider's homepage for more stories.

Facebook is facing a penalty of about $5 billion from the Federal Trade Commission for violating a privacy consent decree set in 2011. 

The multibillion-dollar penalty — which was first reported by The Wall Street Journal on Friday — is poised to be the largest of its kind against a tech company, eclipsing a $22 million settlement with Google. For Facebook, though, it looks to be an easy bill to pay, given the roughly $45 billion in cash it has on hand.

See the rest of the story at Business Insider

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SEE ALSO: The FTC has approved a roughly $5 billion settlement with Facebook

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