3 ms·

FB stock up ~2% today.

• dmix 7y ago
  Because FB accurately predicted the fine amount and doesn’t have to use any more money. The market are already adjusted to the FTC fine risk. The only risk measure by this point was if it would be higher than $5b.
  • alberth 7y ago
    But that’s not the case. When FB announces 3 months ago they were holding back $5B for an estimated fine, their stock was up 10% that day. https://news.ycombinator.com/item?id=19742270 https://news.ycombinator.com/item?id=19742270
    • pertymcpert 7y ago
      That is the case. A $5B estimated fine puts a rough ballpark on the potential fine. I.e. it's likely not going to be over $10bn. That could easily bump the stock up, with extra potential upside due to the uncertainty of what the actual figure will be. That is, could it be $8B? There is extra uncertainty priced in which has now been fully lifted.