Facebook’s stock went up after news of a record-breaking $5 billion FTC fine for various privacy violations broke today.
That, as the New York Times’ Mike Isaac points out, is the real story here: the United States government spent months coming up with a punishment for Facebook’s long list of privacy-related bad behavior, and the best it could do was so weak that Facebook’s stock price went up.
Facebook was one of the most important tools that Russia used to interfere in the US presidential elections. Do you really think that the regime profiting from said interference is going to punish their golden ticket?
> Facebook was one of the most important tools that Russia used to interfere in the US presidential elections.
This is so far from the truth that a federal judge recently ordered the DOJ to stop claiming IRA had anything at all to do with the Kremlin. Let it go, Thom. Trump won fair and square.