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.
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-…Show this thread
2:46 PM · Oct 15, 2021