Facebook's stock actually jumped after FTC fine reports

Mark Zuckerberg.
(Image credit: Drew Angerer/Getty Images)

Nobody really expected Facebook's $5 billion fine for mishandling users' data imposed by the Federal Trade Commission to hinder the social media giant all that much. Sure, it was a record-breaking fine for the FTC, but $5 billion is "peanuts" to a company the size of Facebook. For example, Facebook drew in $15 billion in revenue last quarter.

What, on its face, is more surprising is that even with the slap on the wrist, Facebook's stock actually went up.

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Tim O'Donnell

Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.