Meta is accused of halting a study showing Facebook's negative mental health effects, as it faces a potential £1.05 trillion penalty from four US states over addictiveness claims.
That would be an egregiously stupid loan to make for any bank. These fines are from only 3 states. If they actually succeed, more states are going to line up to collect their pound of flesh. Giving the company a lifeline would only allow more debt to pile up, with zero expectation of return
Subsidies for what? Those fines are like 3/4 of their market cap, there’s zero way to pay that and remain an existing company.
** The banking industry, hiding in the corner looking sheepish **
That would be an egregiously stupid loan to make for any bank. These fines are from only 3 states. If they actually succeed, more states are going to line up to collect their pound of flesh. Giving the company a lifeline would only allow more debt to pile up, with zero expectation of return
I meant the banking industry over leveraging themselves into extinction and then walking it off because if subsidies and bailouts