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Earnings Outlook: Facebook earnings seem immune to the Big Tech backlash — for now

The $5 billion bomb the Federal Trade Commission is expected to drop on Facebook Inc. would seem to presage choppy waters for the social-media company, but investors hardly seem to care.

On the day Facebook’s FB, -0.74% record fine was first reported, its stock reached its highest price in nearly a year — perhaps out of relief that the long-rumored fine was final and not even more. But it could also signal longer-term headaches for Facebook, which faces a Justice Department investigation into its business practices — Apple Inc. AAPL, -1.26% Alphabet Inc.’s GOOGL, -1.09%GOOG, -1.07% Google, and Amazon.com Inc.

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