Meta Faces Potential $13.4 Billion Fine From the EU (lifehacker.com)

submitted 4 days ago by [email protected] to c/[email protected]

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[-] [email protected] 11 points 4 days ago

Oh nooo, what ever will they do? After all they only made US$36 Billion in the first 3 months of the year.

https://investor.fb.com/investor-news/press-release-details/2024/Meta-Reports-First-Quarter-2024-Results/default.aspx

[-] [email protected] 11 points 4 days ago

Losing 1/12 of their annual revenue may be enough to make them miss their quarterly or annual earnings goals which may cause the stock price to dip which may make it a little harder for the rich people to get the tax-free loans that finance their lifestyle... until the stock recovers in a few months.

That'll show'em!

this post was submitted on 02 Jul 2024

22 points (95.8% liked)

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