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Zuck's Bluff Got Called (4)

02-09-2022 01:59 PM #1 iwanttofly (Veteran Member)
Zuck's Bluff Got Called

I'm sure everyone big into Facebook saw where Meta/Facebook basically threatened to leave Europe.

Turns out, Europe told Zuck not to let the door hit him on the way out.

https://www.bloomberg.com/news/artic...-ministers-say

https://about.fb.com/news/2022/02/me...-leave-europe/

02-09-2022 02:03 PM #2 matuloo (Legendary Moderator)

Well well well... not that I wouldn't see it coming I just hope the FB stock will not tank again because of this, since I'm holding some

02-09-2022 02:20 PM #3 iwanttofly (Veteran Member)

Quote Originally Posted by matuloo View Post
Well well well... not that I wouldn't see it coming I just hope the FB stock will not tank again because of this, since I'm holding some
Yeah, I tried not to laugh at people in FB groups that were panicked over it. Facebook wasn't leaving. However, I bet they are a bit surprised their bluff was so openly called. Facebook seems to have backed down very quickly over this as well. About a week if I'm not mistaken.

02-09-2022 09:34 PM #4 matuloo (Legendary Moderator)

Quote Originally Posted by iwanttofly View Post
Yeah, I tried not to laugh at people in FB groups that were panicked over it. Facebook wasn't leaving. However, I bet they are a bit surprised their bluff was so openly called. Facebook seems to have backed down very quickly over this as well. About a week if I'm not mistaken.
Of course they are not leaving, I think EU is their second biggest market But I understand that the current EU regulations are kinda making it hard for them to make money. And personally, I'm not happy about some of these EU privacy rules either, I'd say they are pushing it a bit too much. Especially from a marketing point of view

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