Facebook tracking is illegal in Europe

>No; we prefer to thrive by ignoring problems for a long time then smashing them with a hammer.

and here I was thinking that breaking things and disruption is what Facebook in particular was super into. Sucks if it happens to you I guess. Laws and regulations aren't made by meeting Facebook representatives and then asking them what's convenient. Okay Facebook has invested billions of dollars, luckily they've also made billions of dollars. How much do you think traditional journalism, including all the positive externalities it entails has suffered from Facebook? They didn't seem to care, it's a legacy industry if I remember correctly.

Car manufacturers all over the world have invested probably a hundred times as much in the combustion engine and the traditional car, it's going away as well. Like are we going to reimburse and invite everyone who has made anything we've decided we don't want any more?

> People who make laws can't see the future

People who make laws can see the future (yeah, sometimes they don't), it's the people that do not understand them and protest, because they do not see the immediate benefit for themselves, so the laws have to be changed to accomodate the snowflakes of the World.

Making laws is about govern, not about futurism.

A compromise has to be found every time a new law is proposed to be approved.

See for example the ban on ICE engines, one side wanted it NOW the other side wanted it NEVER, truth is a good compromise was to accelerate as much as possible for some heavy user (Amazon alone, for example, is responsible for more than 20% of the global deliveries) and make some exception (5 years tops) for supercar luxury brands like Ferrari or Lamborghini, that sell a few thousands cars/ year.

But things being as they are, people complained about Ferrari asking for an extension (for themselves and other luxury brands) but at the same time against the ban in general because everyone owns a car.

The real problem is that people put in charge of making laws other people like them, not people better than them.

It's a vicious circle.

EDIT: the HN paradox: everyone knows what's bad, everyone has a very important job, but apparently things never improve because "politics".

Maybe things are harder than what they look at first sight, from outside, and it's not about "people not seeing the future", but about the fact that the more a society is rich and established, the more changes are hard and people oppose to them.

See for example how hard it is to convince American people that socialism is not a crime and USA could survive free health care paid by everyone's taxes.

Does it mean that Americans are stupid and can't open Wikipedia and do a simple research, that they can't see the truth in front of their eyes, or that they are simply afraid of change, because the system works for a large part of the population, the same part of the population that basically runs the country and decides who gets elected?

The free market is never wrong ? The stock price is always true value.

Facebook has many legal experts. They have surely consulted with them, before investing their billions... For them it is more profitable to "not comply and be caught" than to exit the business... Now they got caught and they will fight until the end - because they have many more billions to spend... Any business in any country is making a risk, that laws will change...

Out of interest where do you see growth coming from for Facebook? How many more people are there to get as users? Their advertising business is being hurt and likely to face further issues. The meta verse is, as yet, going nowhere.