4 ms·
For reference, this would be equivalent to a 5 cent fine for a normal American citizen. Nature's Bounty, owned by Nestle (with a market cap of roughly $339 bil
by mouse_ 4y ago
For reference, this would be equivalent to a 5 cent fine for a normal American citizen.
Nature's Bounty, owned by Nestle (with a market cap of roughly $339 billion; https://stockanalysis.com/stocks/nsrgy/market-cap/ https://stockanalysis.com/stocks/nsrgy/market-cap/ ), has to pay $600k, or .00017%, for scamming consumers.
- coding123 4y agoWhich makes it kinda equivalent to a cop pulling you over and giving you a warning - which wastes probably a nickel in gas.
- loeg 4y agoNormal Americans don't have a market cap (which implies a valuation of multiples of future earnings and trading of ownership of those earnings) so it's unclear how you're scaling this comparison.
- explaininjs 4y agoYou forget that the fine is paid by all shareholders chipping in to present a portion of their shares to the FTC in the form of a burnt offering.
- loeg 4y agoThis is not responsive to my comment.
- explaininjs 4y agoIt's a joke, I wasn't the downvoter. The joke being that's the mechanism that would need to be in effect for dividing fine by market cap to make any sense.
- deleted 4y ago[deleted]
- yieldcrv 4y agolet's see, if I was fined more I would see what one of the recent judicial appointments from the last 5 years thinks of the FTC's very charter. I think this is the right amount to avoid that question.
- costco 4y agoGiven that total FTC spending is only $400 million wouldn't it be pretty easy for a group of like minded businessmen to exhaust their litigation budget?