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Stock market seems to think it was a good deal for FB; share price jumped ~1.3% on the news.
by akavi 7y ago
Stock market seems to think it was a good deal for FB; share price jumped ~1.3% on the news.
- dymk 7y agoFacebook previously stated that they were expecting a fine of ~$5B. The fine + uncertainty was already priced into the stock. The market is reacting to the removal of that uncertainty, which is the same as a reduction in risk holding the stock.
- alberth 7y agoAnd when FB previously announced they expected a $5B fine, their stock was up 10% on that day. https://news.ycombinator.com/item?id=19742270 https://news.ycombinator.com/item?id=19742270