Facebook’s long-awaited Federal Trade Commission settlement, including a $5 billion fine, arrived—with somewhat of a whimper. As reporters and lobbyists used Twitter to debate who got the better deal, Facebook investors shrugged it off. Even word of a sweeping Justice Department tech-sector wide antitrust investigation targeting Google, Facebook and Amazon rattled neither investors nor employees in Silicon Valley, who largely ignored the development.
That’s not to say, however, that it was a good week for Facebook or its peers. Indeed, after executives warned about slower growth, Facebook shares fell. Amazon’s shrinking profitability spooked investors too.