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> Of course Meta could just withdrawn from the EU. I mean, probably not without being sued by their shareholders. As a public company, you cannot simply abando
by rsynnott 2y ago
> Of course Meta could just withdrawn from the EU.
I mean, probably not without being sued by their shareholders. As a public company, you cannot simply abandon 40bn revenue/year because you feel aggrieved.
But yeah, the "you'd better be nice to us, EC, or Trump might be angry" tactic is kinda shot at this point.
- barbazoo 2y ago> I mean, probably not without being sued by their shareholders. As a public company, you cannot simply abandon 40bn revenue/year because you feel aggrieved. What are the laws that Meta would be violating?
- tonyedgecombe 2y ago>As a public company, you cannot simply abandon 40bn revenue/year because you feel aggrieved. The fines need to get bigger then.
- rsynnott 2y agoFiduciary duty. It's a high bar, but "we abandoned 25% of our revenue in a fit of pique over our being required to follow the law on consent" probably gets you there.
- barbazoo 2y agoThat gets thrown around a lot but those folks are masters at corporate messaging. All you need to do is tie a bow and back the decision up with a long term strategy. I don't accept "fiduciary duty" being the pretext for any shitty behavior.