4 ms·
I get that fines don’t always offset the benefit gained from shady practice, but frankly I don’t think Facebook got $5B from this. That’s ~25% of last year’s ne
by b_tterc_p 7y ago
I get that fines don’t always offset the benefit gained from shady practice, but frankly I don’t think Facebook got $5B from this. That’s ~25% of last year’s net income. That’s a punch in the jaw.
- throwaway2048 7y agoConsidering their stock rose significantly after this fine was announced, I don't think the people making money from Facebook agree with you.
- eitland 7y agoGiven my relationship with Facebook I want to agree and say the fines are way to small, but for what I know it could also be that they hurt badly and the reasons the stock rose was just because the stock marked had priced in an even bigger fine. Edit: yep, lots of them.
- deleted 7y ago[deleted]
- caymanjim 7y agoInvestors have known for a long time that a fine was coming. This was already priced-in. Facebook has been planning on this and reporting it in SEC filings, which they are required by law to do. Now the matter is closed, and for the amount that they already warned investors it would cost. There should not have been any downward movement in the price, and there wasn't. Now the matter is put to rest, and the market likes that. If anything, the price should have gone up. Stability and predictability are good.
- FireBeyond 7y ago> That’s ~25% of last year’s net income net profit. And accounted for over the last few quarters already.
- b_tterc_p 7y agoNet Income == Net Profit
- FireBeyond 7y agoI stand corrected... I was thinking of revenue.