5 ms·

Almost certainly not, at least in this iteration - but Meta's stock is up ~6%, so it's not nothing

by curiousllama 4y ago

mnd999 4y ago
They should extend to Instagram, Facebook, Twitter etc. unless they’re prepared to be open and interoperable.
dylan604 4y ago
This makes me wonder how much Meta is financing any lobbying effort to get this passed?
- curiousllama 4y ago
  Probably a lot, but it's also not an absurd policy direction. Folks from all over have floated the vague notion that Tiktok is bad, independent of Meta. Rs tried to do it a few years ago, but implementation as a disaster. I'd imagine the lobbying effort would be less "briefcase full of cash" and more "can we hire smart people to think through policy mechanisms, in a way that's productive for both Rs & Ds" Though there's probably also a couple briefcases lmao
  - dylan604 4y ago
    >but it's also not an absurd policy direction. It is when you forget where the collected data ends up, and just focus on the hoovering of the data. FB is the OG of this realm, but because they are US based instead of Chinese based, they get a pass? In the evils of data hoovering, I'm much more perturbed what theZuck knows about me much more than caring what winnie the pooh knows about me. All politics are local. If I lived in Beijing, then I'd have those concerns flipped.
  - nephanth 4y ago
    I imagine this kind of dialogue "Hey, you like jobs right? They get you elected and all. Well if you ban tiktok we'll make some jobs, watcha think?"
    - dylan604 4y ago
      Huh? How does banning tiktok make jobs? Are you assuming a US based company will spring up with a clone? You really believe that? Isn't it much more likely Meta will use it's power to gobble up any upstart to avoid the competition?
      - nephanth 4y ago
        I mean Meta could argue that getting a bigger part of the cake would allow them to make more jobs
        dylan604 4y ago
        But Meta already has people employed now building their version of tiktok. How many more jobs would Meta need if there was an influx of users because of no tiktok? The recent round of layoffs implies they think they can do it with fewer and not more. Just playing the tape all the way to the end.
- amelius 4y ago
  And lose access to the Chinese market?
  - Jensson 4y ago
    Meta doesn't operate in China.
    - KaoruAoiShiho 4y ago
      Meta makes about $5 billion a year from China.
- AlexandrB 4y ago
  If they are, this could backfire spectacularly. Planting the idea that social media can be manipulated by the owners to persuade a population moves social media closer to traditional media companies and further away from mere "platforms" eligible for section 230 protection.
  - dylan604 4y ago
    Only the evilEmpire would do something untoward with that data. You can trust a US company implicitly. /s
gradys 4y ago
Much of the market is up, presumably because of the good CPI report.
- FollowingTheDao 4y ago
  The market is flat now, with Meta still up 4%.

Almost certainly not, at least in this iteration - but Meta's stock is up ~6%, so it's not nothing

mnd999 4y ago

They should extend to Instagram, Facebook, Twitter etc. unless they’re prepared to be open and interoperable.

dylan604 4y ago

This makes me wonder how much Meta is financing any lobbying effort to get this passed?

curiousllama 4y ago
Probably a lot, but it's also not an absurd policy direction. Folks from all over have floated the vague notion that Tiktok is bad, independent of Meta. Rs tried to do it a few years ago, but implementation as a disaster. I'd imagine the lobbying effort would be less "briefcase full of cash" and more "can we hire smart people to think through policy mechanisms, in a way that's productive for both Rs & Ds" Though there's probably also a couple briefcases lmao
- dylan604 4y ago
  >but it's also not an absurd policy direction. It is when you forget where the collected data ends up, and just focus on the hoovering of the data. FB is the OG of this realm, but because they are US based instead of Chinese based, they get a pass? In the evils of data hoovering, I'm much more perturbed what theZuck knows about me much more than caring what winnie the pooh knows about me. All politics are local. If I lived in Beijing, then I'd have those concerns flipped.
- nephanth 4y ago
  I imagine this kind of dialogue "Hey, you like jobs right? They get you elected and all. Well if you ban tiktok we'll make some jobs, watcha think?"
  - dylan604 4y ago
    Huh? How does banning tiktok make jobs? Are you assuming a US based company will spring up with a clone? You really believe that? Isn't it much more likely Meta will use it's power to gobble up any upstart to avoid the competition?
    - nephanth 4y ago
      I mean Meta could argue that getting a bigger part of the cake would allow them to make more jobs
      - dylan604 4y ago
        But Meta already has people employed now building their version of tiktok. How many more jobs would Meta need if there was an influx of users because of no tiktok? The recent round of layoffs implies they think they can do it with fewer and not more. Just playing the tape all the way to the end.
amelius 4y ago
And lose access to the Chinese market?
- Jensson 4y ago
  Meta doesn't operate in China.
  - KaoruAoiShiho 4y ago
    Meta makes about $5 billion a year from China.
AlexandrB 4y ago
If they are, this could backfire spectacularly. Planting the idea that social media can be manipulated by the owners to persuade a population moves social media closer to traditional media companies and further away from mere "platforms" eligible for section 230 protection.
- dylan604 4y ago
  Only the evilEmpire would do something untoward with that data. You can trust a US company implicitly. /s

gradys 4y ago

Much of the market is up, presumably because of the good CPI report.

FollowingTheDao 4y ago
The market is flat now, with Meta still up 4%.