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It's not even a threat really. Everyone is quoting an SEC filing by Facebook where it lays that out as a worst-case scenario - which is what companies do so the
by detaro 5y ago
It's not even a threat really. Everyone is quoting an SEC filing by Facebook where it lays that out as a worst-case scenario - which is what companies do so they don't get sued by stockholders trying to get them to pay up because they "hid information" from them if there is any further trouble with EU access (which there likely will be). Facebook just has officially told everybody the obvious fact of "we have issues with EU regulations, this could get bad", as they are supposed to do as a public company.
- jjulius 5y agoIn the same vein, I'd say that this is Germany and France doing the same thing. "Oh, you think this could get bad? lol don't care."
- Grollicus 5y agoI think the interesting thing is that Facebook seems to finally begin to take SchremsII seriously. It is a sword of Damocles hanging over all US companies doing business in the EU and it is something that needs to be solved by the US side, as European courts have shot all attempts by the EU down. I hope this is a beginning for the US to finally tackle their due process deficiency.