Typically, fines need to be high enough to change the behavior of a company. According to Buzz Feed News, $3 billion is too low to change the behavior of Facebook.
- During the first three months of 2019 after the $3 billion fine, how much did the revenues of the company grow?
- How much did Facebook think the expenses could go as high as?
- After announcing the anticipated settlement, by how much did Facebook’s market capitalization climb in just over an hour of after-hours trading?
- What are the fines for and which regulatory body is imposing them?
Kantrowitz, A. and R. Mac. (2019). Facebook Set Aside $3 Billion For A Penalty. Then It Grew By $40 Billion. Buzz Feed News, April 24 (Retrievable online at