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


facebook ceo mark zuckerbergAP Photo/Jose Luis Magana

  • Facebook's stock rose around 1% after news broke that it is facing a record-breaking $5 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 every quarter.
  • Critics of the company have immediately accused the FTC's decision of being inadequate.
  • Visit Business Insider's homepage for more stories.

The Federal Trade Commission is gearing up to hit Facebook with a staggering, record-breaking $5 billion penalty.

Wall Street is viewing this as a good thing.

See the rest of the story at Business Insider

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SEE ALSO: The FTC's $5 billion fine for Facebook is so meaningless, it will likely leave Mark Zuckerberg wondering what he can't get away with

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