3 ms·
I'm no lawyer, but this seems absurdly far-fetched. Facebook needs $300-500 million so that it can pay legal costs? Cuomo's investigation seems much more like
by karzeem 19y ago
I'm no lawyer, but this seems absurdly far-fetched. Facebook needs $300-500 million so that it can pay legal costs? Cuomo's investigation seems much more like the kind of stupid headline-chasing that politicians do every so often than it does a case likely to cost Facebook nine figures.
This ridiculousness of monster valuations and such is much more about Microsoft than Facebook. For Facebook, giving up a mere 5% for $300-500 million isn't, as they say, a choice--it's an IQ test. The money is great, but they don't need it for anything but general security. Explaining why they're after it is like explaining that a lottery winner is planning to pick up his check because it'll help him pay for his house. True, but not really relevant.
- Goladus 19y agoOne danger though is that Cuomo may be incompetent and reckless. He's filling a position vacated by the enormously popular Eliot Spitzer, who won the race for Governor in a landslide. He may be trying to do the same thing without Spitzer's sensibility..