Facebook Inc. (FB): German Court Pursues Fine, Shame

As of 12:45 p.m. ET Tuesday, Facebook Inc. (NASDAQ:FB) stock was trading at $29 per share, down about 1.5 percent on the day.

“We know ($26,000) is nothing for Facebook, it’s just symbolic,” said German privacy commissioner Thilo Weichert. “But if we win the legal process, we are pretty sure there will be a big discussion,” he said. While the process is still in its early stages, Facebook would also have an opportunity to appeal, but also could face further, stiffer penalties (perhaps up to $65,000) if it is found in violation of the law and does not change its policies to be compliant.

Facebook Inc. (NASDAQ:FB) has said it would defend itself passionately. That seems to be an indication that it isn’t about the money – but the company seems to believe that its public perception is more valuable than any attorney’s fees. Would you agree with the assessment? Does Facebook face a risk if it is found guilty of privacy laws? How do you think this would affect Facebook in Germany, and in Europe in general? We liek your thoughts and your perception of Facebook stock and the company in 2013.

DISCLOSURE: I hold no positions in the stock mentioned above.

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