Despite reporting that it expects a $3B-$5B fine from the FTC, Facebook's stock is up ~8% after hours, adding ~$40B to its market cap (BuzzFeed News)
BuzzFeed News:
Despite reporting that it expects a $3B-$5B fine from the FTC, Facebook’s stock is up ~8% after hours, adding ~$40B to its market cap — Facebook will set aside $3 billion to cover expenses associated with a fine from the Federal Trade Commission over its privacy practices. All good here, say investors.
Despite reporting that it expects a B-B fine from the FTC, Facebook's stock is up ~8% after hours, adding ~B to its market cap (BuzzFeed News)
Source: Tech Meme
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