Facebook to be fined $5 billion

Apple / Eng 🐒codemonk
Jul 13 13 Comments

https://www.nytimes.com/2019/07/12/technology/facebook-ftc-fine.html

Vote was 3-2. Reps backing and Dems opposing. Yet this doesn’t seem to have any impact on Facebook’s profitability — technology-wise. Slap on the wrist? Stock keeps rising? Short-term fall? Any insights?

F.T.C. Approves Facebook Fine of About $5 Billion F.T.C. Approves Facebook Fine of About $5 Billion favicon Nytimes
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 TOP 13 Comments
  • Intel / Eng Fuu
    🥜
    Jul 13 1
    • Apple / Eng 🐒codemonk
      OP
      It’s peanuts for Facebook indeed
      Jul 13
  • New / Strategy
    Porsche996

    New Strategy

    BIO
    MIT BS MechE, Stanford GSB
     Porsche996more
    Wow the cost of democracy is $5B only?
    Jul 13 1
    • Apple / Eng 🐒codemonk
      OP
      😂 Reps and Dems’ only dispute was the price tag
      Jul 13
  • Oracle / IT
    l00tb0x

    Oracle IT

    PRE
    Ericsson, National Instruments
     l00tb0xmore
    That amount is too low.
    Jul 13 0
  • LinkedIn Wiener
    cash grab
    Jul 13 1
    • Apple / Eng 🐒codemonk
      OP
      What a coincidence. The government is running low on money right now
      Jul 13
  • Capital One dtrixter
    I think Trump found a new way to pay for building the wall
    Jul 13 1
    • Apple / Eng 🐒codemonk
      OP
      interesting 😹 and Facebook will be clowned for implicitly financing it
      Jul 13
  • New dBBO43
    Their stock only went up
    Jul 13 1
    • Apple / Eng 🐒codemonk
      OP
      I have been struggling with selling some right now or waiting until earnings
      Jul 13
  • Amazon Bill.
    🤷Their stock has been waiting for good news like this?
    Jul 13 0
  • Uber / Eng itsdara
    It's only $5 per user's privacy, super cheap. I will pay more than that if I wanna know about somebody's life.
    Jul 13 0

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