Totally good point on all this. One material change in kicker, though, I’m fairly certain SEC settlement was announced in same hours as the $5B FTC deal and not “months later.” I always thought this was intentional by FB knowing $5B would be headline. SEC involved the cover-up.
Replying to @issielapowsky
Never forget the time Facebook announced its $5 billion FTC fine after Cambridge Analytica and its stock shot up as high as it had been all year on a wave of 'only $5 billion?!' relief. So yeah, that's who the SEC is looking out for. protocol.com/policy/frances-…
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2:46 PM · Oct 15, 2021

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Replying to @jason_kint
nope, i meant months later. facebook announced in april that it would set aside $5 billion for the FTC fine and the stock price jumped. the actual fine and the sec fine came months later. but you're right the link there is for the later date.
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But the stock jumped when the $5B was announced - same star as SEC deal announcement. Facebook set aside only $3B in April - not $5. This is all material to the DE pensions’ lawsuits as facebook was still in a war to avoid depositions and discovery of leadership on the cover-up.
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