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This is beautiful. Can someone who understands what’s actually happening explain if this is just negotiation theatre? Meta is obviously bluffing and posturing r
by jorgesborges 5y ago
This is beautiful. Can someone who understands what’s actually happening explain if this is just negotiation theatre? Meta is obviously bluffing and posturing right, and there’s no real likelihood they would extricate their platforms from Europe?
- durnygbur 5y agoThis sounds completely different than it really is. Angloshpere eagerly picks up anti-Meta sentiment, but old Germans and French are so disconnected that social media and the entire internet thing are some kind of caprices for them. That's why they say they're fine without it. Private jet, high end Mercedes, yacht, villa on Capri, revolving door with the industry - this is their reality and internet is toothles there.
- Barrin92 5y agogiven how easily they caved to the Australian government when the whole revenue sharing thing was going on I think the possibility of them leaving the 14 trillion dollar Eurozone economy approaches zero.
- detaro 5y agoIt's stock market stuff. If there is no new EU-US privacy deal, that's likely going to cause some kind issues for Facebook. If that happens, some investor can sue Facebook for "you didn't tell us there was a risk you'd have problems in Europe!". Thus, Facebook does what any company is supposed to do: put the potential risks to their business in their SEC filings, so investors can read that, be happy and not pretend they were defrauded because they weren't told obvious things.