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> Of course they didn't. After you are fined 5b it's no surprise you go full on defensive. What's the alternative? Well I've never really been sanctioned by th
by Teever 5y ago
> Of course they didn't. After you are fined 5b it's no surprise you go full on defensive. What's the alternative?
Well I've never really been sanctioned by the law for anything significant, but I would imagine that if I was sanctioned by the law for something afterwards I would be mindful of that fact and try to avoid being sanctioned again?
But there's a big difference between me and Facebook and that's that I don't have a callous disregard for the law and well being of society.
- titzer 5y agoYou don't have a trillion dollar valuation to retroactively justify when you're pulling revenues more befitting a valuation 100x lower.
- jszymborski 5y agoI feel like this is a weird justification for breaking the law...
- ivalm 5y agoIn 2020 they had $29B net income on $89B revenue. Their forward pe is 29. While they are definitely priced for continued growth, it is really wrong to say that their finances befit a “100x lower” valuation.