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Honest question: Is Facebook doing this out of genuine business interest? Or because they're concerned about legal and/or regulatory backlash?
by dcolkitt 6y ago
Honest question: Is Facebook doing this out of genuine business interest? Or because they're concerned about legal and/or regulatory backlash?
- deleted 6y ago[deleted]
- grzm 6y agoWhat’s the difference? Business interests include mitigating legal and regulatory exposure.
- dcolkitt 6y agoBecause the latter would definitely be a form of government censorship. In fact it's essentially how most censorship in Russia, Saudi Arabia, and Turkey work. If you tell a newspaper that they'll be regulated out of existence if they publish a certain opinion, it doesn't matter that the private platform is the one doing the censoring.
- grzm 6y agoThere's always a risk of bad laws and bad regulations. And certainly we need to be vigilant and correct and improve them when they occur (and they most certainly do). Laws and regulation are not necessarily censorship. It's important to have transparency into how laws and regulations are developed and applied, but that's a separate issue.
- bun_at_work 6y agoHonest question: What happens to Facebook if the government that rules it collapses?
- dcolkitt 6y agoHonest question: What is your probability estimate that the government of the United States collapses or is overthrown? Keep in mind that the S&P 500 is near record highs, which would be a tad irrational if we're on the verge anarchy implosion. If you honestly believe there's even the slightest risk of that, why aren't you buying deep out-of-the-money put options like mad.
- bun_at_work 6y agoWhat is this question? First - I don't have a probability estimate. I simply recognize the fact that some significant part of the populating tried to overthrow the government. Second, you should be careful conflating Wall Street with the stability of the country. That's not how our monetary policy or economic system work.