Critics argue that Facebook is so vast, a $5 billion fine would not be nearly enough to slow it down.
Facebook's stock rose around 1% after news broke that it is facing a record-breaking $1 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.
Facebook's stock rose around 1% after news broke that it is facing a record-breaking $1 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.
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