Comment by barbazoo
5 days 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?
5 days 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?
Fiduciary 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.
That 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.
>As a public company, you cannot simply abandon 40bn revenue/year because you feel aggrieved.
The fines need to get bigger then.