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Meta threatens to pull Facebook and Instagram from Europe if it can't target ads

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Re: Meta threatens to pull Facebook and Instagram from Europe if it can't target ads

#11
post #8

What is an alternative that is not the same rotten and makes money to comply with the massive stack of rules you have to comply with now? Or has a way that is not needed (p2p content only).

I guess the alternative is some other social media network (possibly European?), which will be more likely to be regulated from an earlier stage in it's lifecycle and therefore to be better behaved in terms of user privacy.

Re: Meta threatens to pull Facebook and Instagram from Europe if it can't target ads

#12
That's funny, both because they won't actually ever do this, and because even in the alternate universe where they do, nobody cares. FB/Meta is living on borrowed time and lack the depth of wealth Microsoft had when they were in this situation.

What makes this situation unique is Facebook is no longer able to innovate, both on its own or through acquiring innovators due to antitrust concerns. What comes next is an increase in rent seeking behavior, while fleecing the existing users and identifying whales.

Re: Meta threatens to pull Facebook and Instagram from Europe if it can't target ads

#13
Didn't Meta just claim that they were all in favour of government regulations? Now they're whining and crying they have to follow the law. Good riddance to bad rubbish if they go through with it. Now if only we could get them to leave Canada.

Re: Meta threatens to pull Facebook and Instagram from Europe if it can't target ads

#15

Didn't Meta just claim that they were all in favour of government regulations? Now they're whining and crying they have to follow the law. Good riddance to bad rubbish if they go through with it. Now if only we could get them to leave Canada.

They probably assumed that they would be the ones writing those regulations, and I think that's a fair assumption for the US market. Monopolies are big fans of regulatory capture, and politicians benefit greatly from them. The EU seems (to me, an outsider) to be more resistant to that sort of influence; at least from corps based in the US.

Re: Meta threatens to pull Facebook and Instagram from Europe if it can't target ads

#17
post #4

Didn't they just report the first the first time ever user decline? Not exactly a strong negotiating position.

Yes, they're fairly deleveraged here, and I'm surprised they did not coordinate responses better from a PR standpoint.

Just amateur-hour clumsy.

Re: Meta threatens to pull Facebook and Instagram from Europe if it can't target ads

#19
post #15

Didn't Meta just claim that they were all in favour of government regulations? Now they're whining and crying they have to follow the law. Good riddance to bad rubbish if they go through with it. Now if only we could get them to leave Canada.

They probably assumed that they would be the ones writing those regulations, and I think that's a fair assumption for the US market. Monopolies are big fans of regulatory capture, and politicians benefit greatly from them. The EU seems (to me, an outsider) to be more resistant to that sort of influence; at least from corps based in the US.

It helps that EU is still not a single country, so monopolies influence work differently across a collection of countries.

Re: Meta threatens to pull Facebook and Instagram from Europe if it can't target ads

#20
post #8

What is an alternative that is not the same rotten and makes money to comply with the massive stack of rules you have to comply with now? Or has a way that is not needed (p2p content only).

I guess the alternative is some other social media network (possibly European?), which will be more likely to be regulated from an earlier stage in it's lifecycle and therefore to be better behaved in terms of user privacy.

This is probably not going to happen anyway: I am more curious if we even have a viable alternative. If the network has user content, it will need a lot of money to hire people to moderate it. How can that be paid for without violating privacy (ads/selling data)? Or, alternatively, you make sure you store no user data. Or something else that I didn't think of which is why I was asking.
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