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IANAL but I think bankruptcy-court is an issue. An agreement to Not Do Evil can be put aside by a judge if it means squeezing money out of the company to the p
by Terr_ 6mo ago
IANAL but I think bankruptcy-court is an issue.
An agreement to Not Do Evil can be put aside by a judge if it means squeezing money out of the company to the pay creditors, such as by selling the company (and its data-assets) at a higher price.
- newswangerd 6mo agoGood gravy... I hadn't even considered that. I assume end to end encryption would help mitigate this. Breaking E2E encryption would require a client side update that could be hard to implement if the company has already gone belly up.
- Terr_ 6mo agoProbably, business-as-usual systems and policies make it harder for anyone to argue the "debtor in possession" [0] violated their fiduciary duty to do their best to ensure creditors get paid. In other words, having a "smash glass in case of insolvency" button might do the job of protecting customers, but a judge could decide it looks too much like a shopkeeper screaming "if I can't have it nobody can" before lighting everything valuable on fire. [0] https://www.uscourts.gov/court-programs/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics https://www.uscourts.gov/court-programs/bankruptcy/bankruptc...