Why Facebook's stock jumped despite facing a record-breaking $5 billion FTC penalty: 'A slap on the wrist' (FB)

Business Insider
By Rob PriceJul 12, 2019, 7:51 pm279 pts
Facebook's stock rose around 1% after news broke that it is facing a record-breaking $1 billion penalty from the Federal Trade Commission. Investors are breathing a collective sigh of relief that the settlement isn't more serious. Why? Facebook is absolutely vast, and makes three times the penalty in revenue…

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