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>We need dramatic examples of companies' valuations being hit for making such privacy violations on a whim.

They don't exist. Only a small subset of users even care and investors and stakeholders just want their site to succeed any way it can. While not expressly privacy-related, take a look at charts of LinkedIn stock after their massive security breach where it was revealed they weren't salting password hashes. Not only did it not dip, it rose on the news and held those gains until after the story was out of the news.



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