FTC Approves Facebook Fine of About $5 Billion

nytimes.com

19 points·jbegley··10 comments

https://news.ycombinator.com/item?id=20423819

The massive spike in FB stock as this was announced is not exactly encouraging. All those executives getting paid largely in equity learned... what exactly did they learn?

They don't even have to admit they did anything wrong? Zero fault? For breaking Democracy? What the hell.

1.81% is not a massive spike.

Also, "breaking democracy" is quite dramatic. Democracy isn't broken just because your candidate lost.

The spike is significantly greater than the fine (of course the expected fine was likely already priced beforehand and the unexpectedly low fine has reassured investors that Facebook is back to business as usual).

If you're a director that's a new Maserati. Who's my candidate? I have never voted, not sure what you're trying to project on to me.

They broke Democracy. That's putting it nicely, I think, and being charitable to Facebook when you could use much more malicious phrasing based on their actions.

They broke Democracy. Get used to that phrase, you're gonna be hearing it a lot in the coming years, because they broke Democracy.

I'm surprised the 2 democrats voted against the settlement. Republicans are normally seen as the pro-big-business party.

Umm... what?? Democrats are and have always been the big business party.

The Republicans are a mix of coal and gas, evangelicals, and constitutionalists.

Edit: both parties are pro military

They voted against it because they wanted a less lenient settlement.

Even though that's a lot of money... I can't help thinking it's not nearly enough.

Can you please not post duplicate comments to HN? Repetition lowers the signal/noise ratio.

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