Venture capitalists aren't stupid. Even if Zuck says everything is okay they come to their own conclusions. Obviously everything is NOT okay, otherwise the com

Venture capitalists aren't stupid. Even if Zuck says everything is okay they come to their own conclusions. Obviously everything is NOT okay, otherwise the company wouldn't be getting fined in court for breaking the law. VCs know just as well as we do that Facebook's business model (privacy-invading targeted advertising) exists because law has not caught up to technology yet. That's starting to change, as this settlement shows. If Meta suffer many more of these legal settlements which wipe >1% off the annual profit then investors will start to divest. The value of the company will fall. Keep in mind this was a settlement amount which suggests the legal liability was actually a lot higher than $1.5B So I think my statement is supported: fining corporations works.