Well, Your Honor, Facebook the social media site is actually owned by Facebook Limited, an Irish company owned by a British trust with shareholders consisting o

Well, Your Honor, Facebook the social media site is actually owned by Facebook Limited, an Irish company owned by a British trust with shareholders consisting of Meta Limited (Hong Kong) and Meta Limited (Seychelles). Believe it or not, Facebook actually loses money! The distantly related company of Meta Inc (owned by Meta Limited (Ireland)), does make some money from advertising, but it pays Facebook Limited a recurring subscription of $99 million per annum for a royalty-free, exclusive license to its newsfeed API. So we're sorry, Your Honor, but New York courts have no jurisdiction here, and even if they did, the plaintiffs are wrong to assert that "Facebook" makes more than $100 million in annual revenue.