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.
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.