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- Facebook has just gone through one of the wildest weeks in its 15-year history.
- The Department of Justice, the Federal Trade Commission, and the Securities and Exchange Commission announced fines, lawsuits, and investigations into the tech giant.
- Despite all this, Facebook posted strong second-quarter earnings, sending its stock soaring 5%.
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This week has been a regulatory maelstrom for Facebook.
The Department of Justice, the Federal Trade Commission, and the Securities and Exchange Commission all took chunks out of the social media this week, many of which stemmed from Facebook's handling of the Cambridge Analytica scandal.
The bulk of the damage was done on Wednesday, with the blockbuster $5 billion penalty from the FTC being the star attraction - although the DOJ set the tone by announcing its sweeping investigation into big tech earlier in the week.
Here is a rundown of one of the wildest weeks in Facebook's 15-year history.