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> the right fine here is their entire market cap. That would put them back at square one I don't think Zoom has transgressed anywhere nearly this badly, but ev
by jefftk 6y ago
> the right fine here is their entire market cap. That would put them back at square one
I don't think Zoom has transgressed anywhere nearly this badly, but even if I did it doesn't make sense to fine any company their entire value unless your goal is simply to destroy them. The company is only worth as much as it is because it is expected to continue as a company, and there would be no way for it to continue if it owed that much money to the government. Unless it was nationalized and run by the government, but I doubt you're proposing that? Which means instead the company liquidates, and its liquidation value is far less than it's value as a business.
- londons_explore 6y agoA good punishment is government nationalizes it, paying shareholders nothing, then immediately sells those shares back onto the public markets. The government would earn close-ish to the market cap. Effectively, allow the company to continue as before, but wipe out all shareholders. After all, they are the people who allowed this behaviour. They are the ultimate decision makers.
- yepguy 6y agoNo, abandoning property rights is not even close to an appropriate punishment, even for those directly responsible for the fraud, let alone for ignorant shareholders.