A June 2019 document says that the data privacy scandal “is the most likely significant event that would have had a negative impact on both revenue and engagement.” But even so, Meta’s research team found, “we failed to detect significant and consistent effects of sentiment (or adverse events) on these metrics.” Cobb quibbled with how the FTC’s attorney restated the finding back to him, and Boasberg noticeably leaned back in his chair and rolled his eyes after a repeated back-and-forth, before ending the proceedings for the day.