, 4 tweets, 2 min read Read on Twitter
Facebook promised not to misrepresent privacy or change controls without user permission. Now it's saved $3B for a potential FTC fine for breaking those rules techcrunch.com/2019/04/24/fac…
Facebook earnings would have crushed its $1.62 EPS estimate with $1.89, but instead reported $0.85 EPS due to setting aside $3B for a potential $3B-$5B FTC fine techcrunch.com/2019/04/24/fac…
Even saving $3B for the FTC fine, Facebook still earned $2.4B in profit & its share price soared 5%. Zuck's wrists are so big, giant penalties look like a slap
Zuckerberg details Facebook's payments roadmap, where it could earn fees & boost conversions so advertisers pay more. Here's his full quote: techcrunch.com/2019/04/24/fac…
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