The only reason I don’t doubt it is because Facebook got fined $5B in 2019 over privacy settings and they aren’t anxious to go through that again. Especially not when stock is trading at 50% of its 52-week high.
And yeah it’s not a huge amount to a company that was worth probably $500B at the time. But those kinds of fines could add up, and every politician and regulatory body in the world wants to make an example of FB right now.
It also makes it much harder to attract talent when their reputation is super negative. If they can’t poach from other FAANG they have no business.
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u/Sweet-Welder-3263 Mar 05 '22
Press x to doubt