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I'm left wondering how important a company like Facebook really is to the US though. I mean really, it creates about 10k high-paying tech jobs, okay... but Wal
by IkmoIkmo 8y ago
I'm left wondering how important a company like Facebook really is to the US though.
I mean really, it creates about 10k high-paying tech jobs, okay... but Walmart employs 1 million. A lot of the support staff, e.g. in moderation, are distributed around the world.
Then it generates tons of revenues and profits for its shareholders, but FB is a public company, it could in theory be completely owned by non-Americans who profit off of the American company.
Then it provides a service to people around the world.
And then it has strategic value, but it appears it was misused by foreign powers to manipulate domestic elections, rather than furthering American interests.
FB does pay quite substantial federal taxes, far greater than it does in the rest of the world, you can't easily disregard that. The rest of the world is missing out on that, but that's also a question of the rest of the world not using its tax mandate fully.
It doesn't appear like Facebook is tremendously more important to the US than it is to the rest of the world. Of course brain drain is always an issue we should be concerned about, but one feature of publicly-owned digital companies is that their benefits aren't as restricted to their locality as traditional companies are.