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> Valuation of this company would drop to 10%

Aren’t the valuations you’re talking about based on market speculation? If so then it wouldn’t matter what meta does but only what people think they are doing. So, if they say they are doing it, they might as well do it, at least as far as valuations go. Unless of course you’re talking about their earnings, which would not be immediately obvious, only at the next quarter.

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> If so then it wouldn’t matter what meta does but only what people think they are doing. So, if they say they are doing it, they might as well do it

Who is going to believe them even if they say it? The history of the company and the incentives for continuing to exploit every drop of personal data are too great. Even if they decided to 'technically comply' in the EU, we all know its because they just found some dodgy loophole to continue business as usual.

I’m not defending meta here, I totally agree they are dishonest and will act dishonestly and unethically. I think that markets are fickle and sensitive, you can’t say publicly you’re going to follow these rules and not expect some amount of people to actually believe you.

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