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The settlement happened after the 5B was paid. The 5B likely included a fine they were seeking, too.
by bbarnett 5y ago
The settlement happened after the 5B was paid. The 5B likely included a fine they were seeking, too.
- ctvo 5y agoThe fine was 109M. Not sure why you felt the need to clarify that the settlement happened after the 5B was paid when the 5B was conditional on Zuckerberg / Sandberg not being liable in the settlement. The question is what did these people know / do that was worth 47x the fine to keep them safe.
- bbarnett 5y agoThe point is, the 5B was a fine, accepting full penalty for whatever "wrong thing", over that part which was being investigated. The 47x number is apples and oranges. They are two different fines / issues. What Zuck knew isn't relevant, for, the fine was likely "if all the bad things we think you did, happened, then this is the fine". So, in essence, he admitted to all the questions being asked. Zuck / Facebook paid, rather then shine greater light on things. So yeah, bad stuff surely, but I see no direct connection to the other fine. In fact, by relating it to the other fine, people are missing that it may have been an entirely other (very bad) matter. The bit about personal liability, etc, etc is standard boilerplate stuff.