LittleRedSquirrel11 t1_j1diu6g wrote
Reply to comment by AwesomeBrainPowers in Facebook parent Meta to pay $725 mil to settle lawsuit relating to Cambridge Analyticahttps by dft-salt-pasta
Market Cap (which has no tangible value until “realization”) and Cash are not the same thing. While I agree the fines could be bigger the comparison of fines vs market cap is disingenuous to the degree a fine of several hundred million actually effects a company. Metas Cash & equivalents was just shy of 48 billion in 2021 (so still a shit ton) but the fine compared to operational resources is far more damaging as they could only pay it 66 times over (LOL) rather than the 428 ish times the market cap (which,again, isnt real money) would suggest.
TogepiMain t1_j1dxucs wrote
You don't get to use the market cap to make your company look good and not also have it used against you when you fuck up. I mean, they all do, but if you use the inflated numbers, you pay the inflated fines
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