Facebook Turns A $5 Billion Fine And Brutal Congressional Hearings Into A Win

Facebook (NASDAQ:FB) is seemingly about to receive an immense $5 billion settlement fine from the Federal Trade Commission for privacy violations and is being torn apart in the public square as its proposed Libra cryptocurrency comes under media and government scrutiny. Despite this, or in fact as a result of this, I believe Facebook could hardly be better positioned for future growth and expansion.

The combination of a relatively small slap-on-the-wrist for all the company's various scandals and practices, which could have resulted in far worse, and the paper tiger hearings leaves FB able to pursue future growth with its major recent worry - U.S. government intervention - seemingly put on the back burner for now.

Original source
https://seekingalpha.com/article/4276176-facebook-turns-5-billion-fine-brutal-congressional-hearings-win?source=feed_all_articles

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