Microsoft Sees Charge Of About $425M In Q4 Of Fiscal Year 2023 From IDPC Investiagtion On LinkedIn's Targeted Advertising Practices; Intends To Dispute The Legal Basis For, And The Amount Of, The Proposed Fine
Portfolio Pulse from Benzinga Newsdesk
Microsoft faces a charge of approximately $425 million in Q4 of fiscal year 2023 due to an IDPC investigation into LinkedIn's targeted advertising practices. The company plans to dispute the legal basis and the amount of the proposed fine.
June 01, 2023 | 1:16 pm
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Microsoft may face a $425 million charge in Q4 FY2023 due to an IDPC investigation into LinkedIn's targeted advertising practices, but plans to dispute the legal basis and amount of the proposed fine.
The news of a potential $425 million charge due to the IDPC investigation into LinkedIn's targeted advertising practices could negatively impact Microsoft's stock price in the short term. The company's intention to dispute the legal basis and amount of the proposed fine adds uncertainty to the situation, which may also affect investor sentiment.
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