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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.ycombin
by 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 agoThat 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.