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Statement by FTC Regarding Reported Concerns about Facebook Privacy Practices

ftc.gov

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Re: Statement by FTC Regarding Reported Concerns about Facebook Privacy Practices

#3
Remember the delete Uber campaign, the Equifax breach, the WFC accounts, the Bank of America suits, the Intel chip vulnerability? The market doesn't.

The market has a short memory, and FB is not going anywhere. However, there may be some welcomed changes in data abuse.

With that said, I think the stock is a bargain today.

Re: Statement by FTC Regarding Reported Concerns about Facebook Privacy Practices

#5
post #3

Remember the delete Uber campaign, the Equifax breach, the WFC accounts, the Bank of America suits, the Intel chip vulnerability? The market doesn't. The market has a short memory, and FB is not going anywhere. However, there may be some welcomed changes in data abuse. With that said, I think the stock is a bargain today.

Was with you up to that last sentence. On what do you base your valuation exactly?

Re: Statement by FTC Regarding Reported Concerns about Facebook Privacy Practices

#6
post #2

And the ironic cherry on top is the line right under the report “Like the FTC on Facebook.” It this a farce?

How exactly is that irony?

Not ironic in the classic sense but it is a humorous coincidence, and it says a lot about Facebook's ubiquity.

Re: Statement by FTC Regarding Reported Concerns about Facebook Privacy Practices

#7
post #3

Remember the delete Uber campaign, the Equifax breach, the WFC accounts, the Bank of America suits, the Intel chip vulnerability? The market doesn't. The market has a short memory, and FB is not going anywhere. However, there may be some welcomed changes in data abuse. With that said, I think the stock is a bargain today.

Was with you up to that last sentence. On what do you base your valuation exactly?

Well, if you were following along, they mention that the market has not remembered those transgressions, which heavily implies the stock price before this incident will be reached again. The stock will hit a local minima, and then bounce back (the symptom of the market "forgetting").

Re: Statement by FTC Regarding Reported Concerns about Facebook Privacy Practices

#8
post #3

Remember the delete Uber campaign, the Equifax breach, the WFC accounts, the Bank of America suits, the Intel chip vulnerability? The market doesn't. The market has a short memory, and FB is not going anywhere. However, there may be some welcomed changes in data abuse. With that said, I think the stock is a bargain today.

Was with you up to that last sentence. On what do you base your valuation exactly?

> On what do you base your valuation exactly

Is it even possible to come up with an answer for this?

Re: Statement by FTC Regarding Reported Concerns about Facebook Privacy Practices

#10
post #3

Remember the delete Uber campaign, the Equifax breach, the WFC accounts, the Bank of America suits, the Intel chip vulnerability? The market doesn't. The market has a short memory, and FB is not going anywhere. However, there may be some welcomed changes in data abuse. With that said, I think the stock is a bargain today.

It was good for a Short a week or so ago anyway...
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